Pleo adds $3.25 million in funding round led by Creandum.
Pleo, a Copenhagen and London based Danish startup offering smart company payment cards, has closed an additional $3.25 million investment in a round led by Creandum. Seedcamp, a London-based early-stage seed investment fund, and previous investor Founders also participated. This additional funding extends its seed round to $5.5m in total.
Pleo, founded in 2015 by Niccolo Perra and Jeppe Rindom, and launched officialy a year later, provides a card and app to manage company expenses.
Pleo lets businesses distribute company cards with individually-assigned limits to employees in just a couple of clicks. Pleo’s software automatically matches receipts to payments, eliminating expense report headaches and providing a real-time overview of company spending. Pleo is currently available for companies in Denmark and UK through a monthly subscription, which includes both the cards and the software.