Pleo reaches unicorn status after $150m investment

Pleo has reached unicorn status after raising $150 million in a Series C funding round.

The investment was led by Bain Capital Ventures and Thrive Capital.

The Danish FinTech is now worth roughly $1.7 billion.

The company said the funding will be used to grow its customer base to one million from its current 17,000 by 2025.

Pleo will also continue to invest in its team, which currently stands at 330 people.

In the past year, Pleo has launched a number of product features, including Bills, an invoice management system, and Reimbursements (as part of Pocket), a centralised hub to keep track of the money owed between employees and the company.

This investment will be used for further developments on features such as these as well as deepening their market offerings.

“We’re thrilled to be working alongside Bain and Thrive, and incredibly thankful to our other investors – Stripes, Kinnevik, Creandum, Founders and Seedcamp – who continue to support our journey,” said Jeppe Rindom, co-founder and chief executive, Pleo. “We’re confident the partnerships, new and ongoing, will help us achieve our life-long mission to transform how businesses handle their spending, all while making their people feel valued at work.”

    Share Story:

Recent Stories


New Business Frontiers
FStech’s Mark Evans discusses the future of financial services with Liu Jianning of Huawei, covering the limitations that current thinking can impose, how financial institutions can embrace technology to be both agile and resilient, and making space for the organisation to focus on the job of creating innovative business models and on delivering business value for their customers.

The Future of Intelligent Finance
FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.

Cracking down on fraud
In this webinar a panel of expert speakers explored the ways in which high-volume PSPs and FinTechs are preventing fraud while providing a seamless customer experience.