It has been almost four years since I was introduced to Jeppe, Nicco and the team at Pleo. It was apparent from the outset that the founding pair were a great complement of strategy, product, experience and execution. They were also focused on building something truly large, a sustainable company based on a new way of looking at an old industry - that of expense management.
Pleo: Building the future of Expense Management
Today, we announced that Kinnevik invests in Pleo’s latest, USD 200m financing round to further build on our >10x return on investment to date. Andreas Bernström, Senior Investment Director at Kinnevik, reflects on the journey since he first met the company and what’s next.