Assessment
Pleo is used by small and mid-size companies across Europe, often with a small finance team, that want every employee purchase on a company card and in the books without chasing receipts. It suits card spending, software subscriptions, expense claims, and simple supplier payments. Its published prices are in the middle of the market, and its main competitors are Moss, Soldo, Payhawk, and Spendesk.
Pleo was founded in Copenhagen, Denmark, in 2015 by Jeppe Rindom and Niccolò Perra. Net revenue for 2025 was about $145M, up 25%, with a loss of about $51M, and the company says more than 40,000 businesses use it in 16 markets.
It fits a team of up to a few hundred people that wants quick setup and published per-user prices. It is a weaker fit for a company that wants deeper accounts payable automation or would rather not pay per user, where Moss is worth comparing.
Rating by criterion
We score each of the eight criteria out of 100.
Sector criteria
Pleo does not replace a business bank account. The Build and Optimise plans add sub-accounts and more transfer rules, and eligible customers can get an overdraft.
Physical and virtual Mastercard cards, vendor cards for subscriptions, card limits, and approval flows cover most employee spending. Card limits and approvals start on the Build plan.
Receipt capture, auto-categorization, invoice scanning, and accounts payable are included, which cuts month-end work for a small finance team. Automatic VAT splitting needs the top Optimise plan.
Accounting system integrations come on every plan, with custom exports, categories, and tags. HR system integrations need the Optimise plan.
Vendor criteria
Net revenue grew 25% to about $145M in 2025, and more than 40,000 companies use the product. Pleo still made a loss of about $51M.
Sign-up is self-serve on the Start plan with email support, and live chat comes only with Optimise.
UK prices are published: about $11, $19, and $24 per user per month for Start, Build, and Optimise, with a three-user minimum on the two higher plans. Foreign exchange fees on card payments run from 1.49% to 2.00% depending on the plan.
Start is billed monthly, while Build and Optimise are billed yearly.
Against its peers
These are the other companies in business banking and treasury, with their ratings.
Fact file
| Legal entity | Pleo Technologies A/S, CVR 36538686 |
|---|---|
| 2025 net revenue | about $145M |
| 2025 loss | about $51M |
| Average employees, 2025 | 856 |
| Customers | More than 40,000 companies |
| Markets | 16 |
Competitive landscape
Spend-management and company-card providers a European finance team would compare with Pleo.
Pleo: 79
Comparisons
Key leadership
Jeppe Rindom co-founded Pleo in 2015 with Niccolò Perra and is chief executive. Søren Westh Lonning has been chief financial officer since May 2024.
How this review was created
This profile gives our own assessment of Pleo to companies selecting a Business banking & treasury provider. The Fintech Index receives nothing for featuring a firm, for sponsorship, or for advertising, and Pleo gave us no payment for the profile.
The rating equals the average of eight criteria, with every criterion running from 0 to 100. Four address buyer needs in this sector, and four address the company together with its commercial terms.
Ratings are our editorial judgment, made from public information: pricing and legal pages, product documentation, compliance disclosures, and filings. Fact-checking took place on October 27, 2026. Figures reported in euros and prices reported in pounds were converted to US dollars at the Federal Reserve H.10 rates of $1.1199 per euro and $1.3375 per pound on October 23, 2026.