London 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…
London 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.
Launched officially in July 2016 , Pleo consists of the Pleo MasterCard, a prepaid card that can be charged up and handed out to employees, either physically or virtually. This is then coupled with Pleo’s backend system and app, making the card somewhat intelligent and able to categorise spending automatically as well as capture any receipts associated with each transaction.
