Pleo

Pleo is a Copenhagen-founded B2B spend-management unicorn that replaces paper expense claims with smart Mastercard-powered cards for employees and a real-time software platform for finance teams. Founded in 2015 by Jeppe Rindom and Niccolo Perra (former Tradeshift colleagues), it covers corporate cards, invoice management, vendor cards, multi-currency accounts and, since 2025, a full cash-management and treasury suite. As of mid-2025 Pleo serves 45,000+ businesses and over a million employees across 16 European markets, with the UK its largest.

Pleo reached unicorn status in 2021 and closed a $200M Series C extension led by Coatue in December 2021 at a $4.7bn valuation, then Denmark's most valuable private tech company. Total funding exceeds $476M, backed by European investors Kinnevik (Sweden), Creandum (Sweden), Founders (Denmark) and Seedcamp (UK) alongside US growth funds Stripes, Coatue and Thrive Capital. FY2025 net revenue was about €130M (up 25%), with break-even targeted for 2027 and a possible Copenhagen IPO under consideration.