Pleo

Business overview

Pleo is a spend management platform that helps companies manage employee expenses and reimbursements, company cards, invoices, and subscriptions in one integrated system. By automating expense reporting and giving realtime visibility into company spending, Pleo helps finance teams save time, stay in control, and make smarter financial decisions.

Pleo generates revenue through recurring software subscription fees, typically priced per user or per company. It also earns revenue from spend that flows through customers’ cards. Pleo has a high share of recurring revenues and as companies increase their usage, average revenue per account also increases over time.

Why Kinnevik invested in Pleo

We believe Pleo holds a valuable position at the center of its customers’ financial operations. The company is deeply entrenched in core financial workflows and captures rich, highfrequency spend data. This central role not only drives strong product stickiness, but also enables Pleo to continuously expand its value proposition and monetization opportunities over time.

Looking ahead, Pleo is expanding its customer base while deepening its product offering. The recent expansion into adjacent areas such as cash and treasury management increases its relevance within the finance stack, while Pleo Embedded opens up a new avenue for growth by enabling businesses to build their own spend and cash management solutions on top of Pleo’s infrastructure.

The company also continues to invest in AI to drive increased operational leverage and enhance the customer experience.

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