
Pleo Stock
| Valuation | $4.7B1 |
| Valuation Date | Dec 8, 2021 |
| Implied Valuation | n/a |
| Last Price | $68.94 |
| 52-Week High | $68.94 |
| 52-Week Low | $68.94 |
| YTD Return | +0.00% |
| 1-Year Return | +0.00% |
| 3-Year Return | n/a |
| Total Funding | $434M2 |
| Latest Round Amount | $200M1 |
| Latest Round | Series C ext. |
| Funding Rounds | 8 |
| IPO Status | Unknown |
| Expected IPO Date | n/a |
| Revenue | $176M3 |
| Revenue Type | Run Rate |
| P/S Ratio | 26.7 |
About Pleo
Pleo is a European spend management company that issues smart company cards and software so businesses can control employee spending in real time. Finance teams set per-person limits, get alerts on purchases and automate receipt capture and expense reports, while employees buy what they need without waiting on reimbursements. Pleo makes money through SaaS subscriptions for its platform and through financial revenue tied to card spend and credit products such as overdrafts. More than 40,000 businesses use Pleo across 16 European countries, and the company is headquartered in Copenhagen.
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News
Pleo undertakes fresh round of job cuts, around 50 laid off
Pleo cut about 50 roles across product, tech, design and data teams in June 2026, its third round of layoffs since 2022. The company said the changes are meant to strengthen focus and accelerate produ...
AI at Pleo: our vision for spend that runs itself
Pleo outlined its agentic AI roadmap, including a live Policy Agent and upcoming MCP, AP, Treasury and Accounting agents. The company said beta access begins in July 2026.
Pleo Announces New Agentic Capabilities, Changing the Face of Financial Management and Decision-Making
Pleo announced a suite of AI agents for spend policy, AP, treasury and accounting, with beta testing planned for July 2026. It also introduced an MCP server so third-party AI tools can act on Pleo dat...
Pleo and iplicit partner to boost expense management
Pleo partnered with UK mid-market accounting platform iplicit to embed spend management and smart corporate cards via Pleo Embedded, syncing expense data into iplicit in real time.
Spend management startup Pleo makes layoffs
Pleo laid off around 100 commercial and go-to-market staff in September and October 2025 after changing its GTM strategy. The company confirmed the cuts without specifying headcount.
Investor slashes value of Pleo stake by 25 per cent
Kinnevik cut the carrying value of its roughly 14% Pleo stake by about 26% year on year in Q4 2024, implying a company valuation near $1.62 billion versus the 2021 $4.7 billion round.
“Without the UK we’re not in business”, says Pleo boss, as the Danish unicorn soft launches in US
Pleo soft-launched US card support for European customers with US employees while stressing Europe remains the focus. The UK accounts for about 40% of Pleo revenue.
Pleo partners with HSBC
Coverage of Pleo’s €40M HSBC Innovation Banking facility and plans to roll overdraft credit into the Netherlands and other European markets.
We’ve secured €40M in debt financing from HSBC Innovation Banking to level up our credit offering
Pleo secured a €40 million debt facility from HSBC Innovation Banking to expand Pleo Overdraft across more European markets and currencies.
Investors in unicorn Pleo snap up secondary shares as valuation recovers after billions wiped off value
Kinnevik and other investors bought a small number of Pleo secondary shares in Q1 2024 as Kinnevik’s mark ticked up about 3% to roughly $2.3 billion implied.
Pleo appoints new CFO as it looks to get in shape for IPO
Pleo hired Søren Westh Lonning as CFO and said an IPO is an important consideration with no definitive plans set. CEO Jeppe Rindom said the firm wants optionality to be ready in about two years.
Pleo picks up $200M at a $4.7B valuation to build the next generation of business expense management
Coatue-led Series C extension raised $200 million at a $4.7 billion valuation, bringing total Series C funding to $350 million six months after the $150 million Series C.
Pleo raises $150M at a $1.7B valuation for its new approach to managing expenses for SMBs
Bain Capital Ventures and Thrive Capital co-led a $150 million Series C that valued Pleo at $1.7 billion, then Denmark’s largest Series C.
