London fintech platform raises over $50m Series B investment with New York funder

May 14, 2019 · bdaily.co.uk/

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fintech company Pleo has announced a $56m Series B financing round led by New York growth fund Stripes.

Pleo is an all-in-one business spending platform based around smart company cards. Funding has also been received from existing investors including Kinnevik, Creandum and Founders.

The round brings the total amount raised by the company to $79m. Pleo was founded in 2015 with the aim of transforming the laborious business expense process.

Last year’s $16m Series A funding round was Denmark’s largest in a decade and today’s fundraise is Denmark’s largest Series B.

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