Pleo is a company payment card that does your expense reports and simplifies company spending.
Coming soon: A world where you'll never have to file an expense reportPleo, a start-up that offers companies payment cards and uses artificial intelligence (AI) techniques to automatically match receipts, has raised $3 million. The London and Copenhagen-based fintech firm is hoping to take on the likes of SAP-owned Concur and Expensify. "It's about bringing a new spending solution to businesses.
These guys left one of Denmark's most successful startups to start their own - and it's going to be hugeThe Danish fintech startup Pleo only just entered its beta testing stage but already has more than 500 companies signed up for early access to its service. Why? Because Pleo offers something every employee and every manager and every accounting department at every company needs: a company card that automates expense reports.
Pleo is a company card that claims to automate expense reportsThere are a plethora of startups attempting to make filing company expenses suck less, such as Belgium's Xpenditure or U.S.-based Expensify, which focus on capturing expense data and making it easier to file claims. Now a new player Pleo is throwing its wares into the ring with a new company expenses card - both virtual and an actual physical card - that claims to automate expense reports and enable SMEs to take more control over their employees' expenditures.
Pleo, a startup that offers a card and app to manage company expenses, gets backing from CreandumLondon and Copenhagen-based fintech startup Pleo, which offers a card and app to manage company expenses, has closed an additional $3.25 million in funding. The round was led by European VC firm Creandum, with participation from pre-seed and seed investor Seedcamp, and previous backer Founders.
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