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After more than 72 million euros, the Danish fintech Pleo comes to Spain

June 22, 2020

After more than 72 million euros in financing, the Danish fintech Pleo has landed in SpainThere, the company has agreements with eight companies that it will work with to help its customers control corporate spending. This was reported by Merca2 on June 18th.

According to the Merca2 article, the company expects Spanish activities to account for 20% of the company’s total cost management business.

They also reported that The startup has developed a payment solution to simplify the spending processfrom the moment of purchase to notification and approval.

After more than 72 million euros, the Danish fintech Pleo comes to SpainAfter more than 72 million euros, the Danish fintech Pleo comes to Spain

Piyo’s General Manager in Spain, Aiyana Moorhead, commented:

“We believe that Spain is a market with many growth opportunities, because cost management is one of the tasks that today consumes the most resources and unnecessary time in Spanish companies.”

The article also provided details on fintech alliances: “In Spain, agreements have been made with Payfit, a system that simplifies payroll accounting. Nannyfy, Cobee and Playflow, initiatives to facilitate work-life balance; as well as Bipi and eCooltra to promote the use of mobility solutions that are adapted to new traffic needs. “

“Pleo has partnered with EatTasty and Deliveroo for Business to facilitate the delivery of company meals, as well as Toogoodtogo and Bulb (…). Through these associations and the service for its customers in the national market, Pleo wants to contribute to the development of a modern Work model that is adapted to the current characteristics of companies and their employees, ”they added later.

About Pleo

Pleo was founded in Denmark in 2015 by Niccolo Perra and Jeppe Rindom. Currently, It offers services to more than 8,000 companies in six different markets (Spain, Denmark, Great Britain, Sweden, Germany and Ireland) and has a team of 200 employees.

Since its foundation, it has been able to finance around 72 million euros. The main investors include Creandum, Founders, Seedcamp, Kinnevik and Stripes.

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