back Back

Pleo expands its European services and moves into the free price segment

By Joy Dumasia

October 12, 2021

  • Bill Payments
  • Denmark
  • Enfuce

FinTech scale-up Pleo, which offers a simplified company spending solution, smart company cards and bill payment processing, announces its new business model incorporating a no-fee service for customers in the UK, Ireland, Sweden and Denmark.

The Free plan now available sees Pleo create a selected catalogue of its services free of charge, up to five users per company. The Pleo offering is provided in cooperation with J.P. Morgan, Mastercard and payment processing service Enfuce.

With the introduction of the Free plan, Pleo is strengthening its presence in the SME, agency and startup sectors. Playing into Pleo’s motto, “Power to your People”, the plan will help startups and small businesses, in particular, get to grips with their cash flow and expenditure following a challenging two years due to the Coronavirus pandemic.

The reconstruction of Pleo’s pricing model, trialled in Germany earlier this year to great initial success, comes during a strong growth phase. In the past year alone, Pleo has grown by 150 per cent. In July, it announced a further $150 million raised in capital, bringing the company to a unicorn valuation of $1.7 billion. In the rapidly growing market of spend management solutions, Pleo is strengthening and expanding its market share.

Jeppe Rindom, CEO and Co-Founder of Pleo, said: “Our ambition has always been the same: transforming how businesses handle their spending, with a product that not only solves problems but helps people feel valued and inspired at work. For that reason, revenue growth has never been our core goal. So we’re thrilled to now be in a position, as one of the leading companies in the B2B spend management market, where we can realign our pricing strategy to bring Pleo to more businesses, no matter their size. There is a reason that over 20,000 companies already place trust in our product every day. If we can maintain our current trajectory, we hope to reach one million happy users by the end of 2025.”

Previous Article

October 12, 2021

mePrism joins Palantir’s Foundry for builders’ initiative, powering its mission to release digital identity ownership to consumers

Read More
Next Article

October 12, 2021

Fawry partners with Uber to enhance E-payment services

Read More

IBSi Daily News Analysis

Data privacy

July 16, 2024

Bill Payments

Rise in sophisticated attacks, state-level threats, and increased ransom DDoS Incidents

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


Worldline & Antenor enable contactless payments at Selfly Store vending machines

Read More


Ajman Transport Authority & BPC digitize payments for UAE commuters

Read More


JTL-Software and Mollie partner on e-commerce payments

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2024