Pleo partners iplicit to expand embedded finance for mid-market firms

By Parth Prabhudesai

Pleo has partnered with iplicit to provide automated spend management and smart corporate card capabilities to mid-market businesses in the UK and Ireland.

The partnership will integrate Pleo Embedded into iplicit’s cloud-native accounting platform, allowing organisations to synchronise expense data in real time. The combined solution is expected to provide finance teams with improved visibility over business spending while reducing manual administrative processes.

Once the integration goes live, iplicit customers will gain access to physical and virtual smart corporate cards, advanced spending controls, and AI-driven spend optimisation tools. The companies said the move is aimed at addressing growing operational challenges faced by mid-market firms using fragmented financial systems.

By connecting spend data directly into the accounting platform at the point of transaction, finance teams will be able to monitor expenses continuously without switching between multiple systems. The partnership is also expected to simplify expense reconciliation and reduce the burden of tracking payments and receipts.

iplicit provides accounting software designed for businesses that have outgrown entry-level systems or are moving away from legacy on-premise solutions. Pleo offers spend management tools and corporate cards to businesses across Europe.

Ben Crow, Vice President of Partnerships at iplicit, said, “Specialist expense management has been a consistent ask from finance teams with more complex needs who want a single, connected view of their spending without jumping between systems.”

He added that the partnership would help expand iplicit’s capabilities through “best-in-breed technology” designed for growing businesses.

Kunal Galav, Vice President at Pleo Embedded, said the integration would provide customers with “improved control and awareness of business spend” while also helping iplicit strengthen customer engagement and create additional revenue opportunities.

The partnership reflects increasing demand among mid-market businesses for integrated finance platforms that combine accounting, payments, and spend management into a single digital ecosystem.