These are our candidates for the “FinTech of the year” : Pleo GmbH
The industry has grown up and has long outgrown its infancy. There are so many companies that shape the industry but not all of them are equally well known. Who are the companies that are the glue between finance and digital technologies?
We still consider it important and relevant to give an award to the most interesting and most relevant German FinTech/Startups. An award from the industry in which we are all active, for the industry. Not bought, not externally influenced, reserved for our independence. As we are diverse and furthermore everyone has different views and focuses, this has always resulted in a good mix. The nominations come from the heart, but the final evaluation process is done by us and is completely detached from us.
At this year’s presence event, the Transactions 20 conference in February 2021, we want to set the price for the Fintech of the year 2020 to lend. In total we have 15 Fintechs nominatedwhich the jury will evaluate in the next weeks according to certain categories. As every year, you are in demand as a strong voice of the Fintech community to give the audience award. The voting will start soon, but first we would like to give the nominated companies the opportunity to introduce themselves.
Pleo is the intelligent, ready-to-use platform for all corporate expenditures and offers employees intelligent Pleo corporate credit cards with individual budgets. Excel-based expense reports, cash registers and missing receipts are now a thing of the past. Managers and accountants receive a real-time overview of all expenses and can transfer all data including receipts via a customized export or seamless integration into the accounting system. This provides companies with full transparency of all expenses. Pleo intercepts receipts on the road, automatically categorises expenses based on previous user behaviour and thus makes manual expense reporting unnecessary.
Facts and figures about Pleo
- distribution channel: B2B
- Target group: Corporate customers
- Country of destination: Europe
- Status of financing: Series B
- Further financing planned?:yes
- Name of the product(s):
“Smart corporate credit cards with individual budgets.”
The Pleo business model
Companies of all types and sizes manage their expenses with Pleo. Our customers come from all over Europe and from all industries. Our mission: Teams should be able to easily buy what they need to do great work every day.
At Pleo we value simple pricing that works for everyone:
– Essential for smart spend management in small businesses
– Pro for more flexibility, adjustment & Analysis
– Premium for companies that want to get even more out of Pleo – perfect for larger teams
Pleo: the founders & investors
Jeppe Rindom is the CEO and co-founder of Pleo. Before founding Pleo, Jeppe was CFO of the successful Danish start-up company Tradeshift. In addition, Jeppe has been involved as a consultant and investor in several start-up and fintech companies in Europe and the US, with a focus on business software and fintech. Jeppe is also a consultant to private equity funds and their portfolio companies.
Jeppe regularly speaks at international conferences on topics related to payments, accounting, Fintech and digital innovation. He was pioneer of the year 2016 in competition with 3,000 international start-ups. Jeppe was recognised in the Nordic 100 list of the most influential personalities in the Nordic technology scene.
Niccolo Perra is Co-Founder and CTO of Pleo. Like Jeppe, he was one of the first employees of the Danish flagship start-up Tradeshift, where he gained extensive experience in the successful development of financial products.
In May 2019, Pleo raised a Series B financing round of USD 56 million. The lead investor is Stripes, a leading New York growth fund. Other investors are Kinnevik, Creandum and Founders. This round brings the total amount raised by the company to USD 79 million.
Milestones: what Pleo has achieved so far
- Series B financing in May 2019
- Successful market entry Germany November 2019 including opening of an office in Berlin
Success in 2020
- Reaching more than 12,000 customers.
- Localization of our product on the German market with a native DATEV integration and Pleo Pocket, allowing users to handle cash payments, per diems and travel expenses.
- Pleo will be in Titans of Tech Report 2020 from GP Bullhound listed in the Top 10 most promising startups and as an upcoming Unicorn
What makes Pleo so special?
Our user experience is the guiding principle for everything we do. Pleo is ideal for both financial directors and regular employees. With features such as Fetch, the tool for intercepting receipts in the e-mail inbox, Pleo offers “magic moments” for the rapidly growing customer base.
Our autonomous spending solution enables companies to create a bottom-up, digital and future-proof way of working that benefits all employees.
What makes your team?
250 employees. 40+ nationalities. Five different offices and full-time remote staff. The Pleo team is – quite simply put – more than just diverse.
We are not the “one big family”, but a community. Because: we promote space for autonomy, creativity and cooperation, which helps to create first-class product experiences.
Where do you see yourselves in the future?
Next year, we at Pleo will continue our work to provide future-oriented teams with a holistic solution for all business expenses. New product launches will capture much more than just purchases by card – from invoices to subscriptions and beyond.
In addition, Pleo will offer its product range – through an improved product market fit – to other types of companies. In particular for the SME segment with more than 300 employees, with the prospect of also opening up further markets.