Pleo rolls out Pocket to track employee expense reimbursements

By Megha Bhattacharya

Danish B2B FinTech Pleo today announced the launch of Pocket, a new solution to track money owed between a company and its employees. The new feature will be added within the Pleo app and aims to support businesses in managing their out-of-pocket expenses.

Pleo stated that Pocket covers mileage claims and tracks the expenses paid with ATM cash as well as the use of company cards for personal purchases.

Luke Richardson, Director of Brand and Communications at Pleo, said, “Pleo stands for the future of work, and there’s a strong connection between this and digitising the workforce, and ditching cash. However, Rome wasn’t built in a day, and we acknowledge that we need to provide tools that bridge the gap between digital and analogue work experiences. This is what we’re doing by launching Pocket, creating a set of features that can support businesses regardless of whether they’re dealing with online or offline payments.”

Recently, FinTech Pleo introduced Apple Pay for its customers in the UK and Europe, thus allowing them to benefit from a secure mobile payment method and make purchases on the go. The FinTech also stated that customers would benefit from Apply Pay’s security and privacy features including payments which never store card and transaction information on devices or its servers, payment confirmations via Apple Touch ID or unique passcodes as well as a contactless payment method.