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← Embedded Finance Index 2026/Vendor

Pleo

Provider
Spend / AP

Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 14 companies across 1 category.

pleo.com ↗Also analysed as a company — its own stack →Open Banking Tracker profile ↗
CategoriesSpend / AP
Rank#5 of 74 in Spend / AP
Buyers14 companies
HeadquartersCopenhagen, Denmark
Founded2015
FoundersJeppe Rindom, Niccolo Perra

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Founders & story · from Pleo’s own dossier

Pleo started in 2015 as a smart corporate card and expense management tool for European SMBs. It has since broadened into a full spend platform — cards, accounts payable, reimbursements, multi-currency accounts, cash management with yield, and an overdraft credit product — positioning itself as Europe's answer to Brex/Ramp with a stronger multi-entity, multi-currency story.

Recent developments
  • 2024-05-13Received €40 million debt financing from HSBC. source ↗
  • 2025-09-01Launched a Pleo Investment Account letting German business customers invest spare funds into Money Market Funds, partnering with Lemon Markets. source ↗
  • 2025-10-21Launched a cash management suite for Germany and the UK. source ↗
  • 2026-05-12Pleo cards, spend controls and AI-driven spend optimisation were integrated natively into iplicit, a UK/Ireland accounting platform. source ↗
Full dossier: Pleo’s own stack, layer by layer →
In the press
embeddedfinancereview.com ↗
Coverage of Pleo sourced from Embedded Finance Review — a content partner for this report. All articles are © their original authors; click any card to open the source.
◇ article2025-09-01
Pleo Launches Money Market Fund Investment Feature in Germany
Pleo launches investment account for German businesses via Lemon Markets partnership. Why embedded investment is fintech's next growth opportunity.
Source · Embedded Finance Review ↗
◇ article2025-07-18
Dext adds payments, Pleo goes embedded, Unit launches lending
Weekly embedded finance updates: Dext partners with Airwallex for integrated payments, Pleo launches embedded expense management for banks, and Unit expands into lending for SaaS providers.
Source · Embedded Finance Review ↗
◇ article2025-07-18
Pleo Launches Embedded Expense Management Platform for Banks and Fintech Companies
Pleo Embedded enables banks and fintech to integrate full expense management platform beyond just cards. Analyzing competition with banking-as-a-service providers.
Source · Embedded Finance Review ↗
Who uses Pleo
14 companies disclose Pleo in their stack
ExactLucinityOdooLexofficePocketNumraHiBobCooltraNmbrsChiftLight IncWorkday+2 more
Buyer mix · 14 of 14 classified
Horizontal SaaS / Accounting · 4Horizontal SaaS / HR & Payroll · 3Horizontal SaaS / Finance Operations Automation · 1Horizontal SaaS / Spend Management · 1Infrastructure / KYC · 1Infrastructure / Open banking · 1Infrastructure / Unified API (Financial Data) · 1Vertical SaaS / Mobility & Vehicle Rental · 1
EU · 10UK · 2US · 1
What the disclosures say
Lucinity
“IBS Intelligence confirms Pleo as a customer.”
Odoo
“Pleo integration page at pleo.io/en/integrations/odoo explicitly names Odoo with direct bi-directional sync.”
Lexoffice
“Pleo integration page: 'Connect Pleo and Lexoffice to automate spending controls, expense reporting, reconciliations, and bookkeeping' with real-time sync of transactions and German VAT data.”
Pocket
“IBS Intelligence article at ibsintelligence.com/ibsi-news/pleo-rolls-out-pocket-to-track-employee-expense-reimbursements/ indicates Pleo rolled out Pocket to track employee expense reimbursements, suggesting Pocket's core product is expense reimbursement tracking, possibly as a module within or alongside Pleo.”
Numra
“Numra integrates directly with named accounting/spend systems (Xero, Pleo, Revolut, Stripe, Gmail, Slack) via their own APIs.”
HiBob
“HiBob marketplace pages list Pleo and Brex as Expense Management partner integrations (hibob.com/integrations/pleo, hibob.com/integrations/brex).”
The complete buyer list and each company’s full embedded-finance stack are in the Embedded Finance Index report. Represent Pleo? Claim this profile above to unlock your own full list.
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What Pleo runs on · from its own dossier
The third-party providers Pleo itself discloses, layer by layer — the vendor as a buyer. Distinct from the companies above that disclose Pleo.
Sponsor Bank
Evolve Bank & TrustPathward
BaaS
Evolve Bank & Trust
Card Issuing
Evolve Bank & Trust
Ledger
Fragment
Fraud
Taktile
Accounting API
Chift
Full dossier with evidence for each layer →
Alternatives to Pleo

Other Spend / AP providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.

BILL40 buyers →Brex38 buyers →Ramp27 buyers →Tipalti19 buyers →findity11 buyers →Melio10 buyers →Pliant9 buyers →Soldo9 buyers →
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Ranked #5 of 74 in Spend / AP — Embedded Finance Index 2026
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Pleo — frequently asked

Which companies use Pleo?

14 companies are linked to Pleo in the Embedded Finance Index 2026, through their own public disclosures or Pleo's published customer list, including Exact, Lucinity, Odoo, Lexoffice, Pocket, Numra, HiBob, Cooltra, Nmbrs, Chift and 2 others.

What does Pleo do?

Pleo is an embedded-finance provider in Spend / AP. It ranks #5 of 74 Spend / AP providers by linked companies.

What are the alternatives to Pleo?

The most-named Spend / AP alternatives to Pleo are BILL (40 buyers), Brex (38 buyers), Ramp (27 buyers), Tipalti (19 buyers), findity (11 buyers) and Melio (10 buyers).

Who founded Pleo?

Pleo was founded by Jeppe Rindom and Niccolo Perra and is founded in 2015, headquartered in Copenhagen, Denmark.

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