The Danish Fintech upscaling Pleo (founded in 2015 in Copenhagen) operates its smart business consumption solution in ten European markets and serves more than 20,000 customers in both small and medium-sized companies. Today, Pleo announces the Dutch launch. By now also making this service available to the Dutch market, SMEs can now more easily manage all employees’ business expenses, and employees will have more freedom and easy payment.
SMEs have a large number of expense transactions that need to be processed every month. This means a lot of administration for the organization and employees who spend a lot of time on their receipts for business expenses. Shame. Saving time is therefore one of the important arguments for switching to Pleo. But there are several reasons …
Because payments via the Pleo card are immediately visible and Pleo can be connected to various accounting systems, finance teams gain real-time insight into the company’s expenses.
Thanks to Pleos software, all expenses automatically come in one place, giving financial teams real-time insight into the company’s expenses. Collecting receipts, sorting monthly credit card withdrawals and entering them into spreadsheets is now a thing of the past. By simplifying and digitizing all of these manual processes, Pleo frees up time for finance teams to focus on more important things.
But employees also benefit greatly from working with Pleo; with the (digital) debit card in their pocket, they can now buy what they need without having to pay themselves first. This not only saves a lot of time and irritation; it also gives employees a sense of freedom and trust from within the organization.
Jeppe Rindom, CEO and co-founder of Pleo, said: “Our ambition has always been the same: to transform the way companies manage their expenses, with a simple digital product that not only solves problems but also helps people feel valued and inspired by We are therefore pleased that we can continue our growth plan and now also be able to roll out our service in the Netherlands. “
Dutch companies like to adapt to new technologies
Recent market research from Pleo shows that 44% of SMEs have adopted more digital tools since the pandemic and plan to do so even more.
Dutch companies struggle to control their operating costs, with a large proportion not even fully aware of the large number of expense transactions to be processed each month. More than a third of companies still manage expenses manually through spreadsheets, leading to human error and lack of information. Slow expenditure processing is also a major problem: 68% of SMEs say they often or sometimes need more approvals.
“Our research shows that knowledge of fully automated solutions such as Pleo in the Netherlands is quite low. We are ready to help fund teams and employees with payment cards for companies, an app, a real-time consumption dashboard and easy synchronization with all known accounts. programs! ” , says Benelux Marketing Manager Gelise Bouma.
Ambitious growth plans
Pleo has experienced rapid growth with the smart payment solution for companies. The company will also invest heavily in the coming period and will be introduced in even more countries.
To kick off the launch, Pleo will be attending The Next Web Conference in Amsterdam today and tomorrow (June 16-17), and Haresh Bajaj, VP Product Growth, will talk about the values and influence that Pleo- the product may cause. thinking companies.
Pleo’s ambitious growth plans follow a record year of investment, raising more than $ 350 million in 2021 to a valuation of $ 4.7 billion after financing. The Series C round – led by Coatue Management, Alkeon Capital, Bain Capital Ventures and Thrive Capital (and backed by returning supporters Creandum, Kinnevik, Founders, Stripes and Seedcamp) – was one of the largest Series C funding rounds ever in Europe .