Pleo

Danish AI-powered spend management and smart company cards for European businesses

Ramp

US AI-powered corporate card, expense management, and finance automation platform

Pleo

Excellent

22/25

Ramp

Caution

10/25

Score Breakdown

DimensionPleoRamp

Data Residency

Where is your data stored and processed?

Pleo: Financial and transactional data hosted in EU cloud infrastructure under Danish financial regulation.

Ramp: US-only product and infrastructure; no EU data residency; EU businesses not currently supported

4/5

Financial and transactional data hosted in EU cloud infrastructure under Danish financial regulation.

1/5

US-only product and infrastructure; no EU data residency; EU businesses not currently supported

Legal Jurisdiction

Which laws govern the company and your data?

Pleo: Danish A/S incorporated and regulated by Finanstilsynet as an EU e-money institution; fully subject to GDPR.

Ramp: US Delaware corporation; CLOUD Act applies; no EU legal entity or DPA framework for EU customers

5/5

Danish A/S incorporated and regulated by Finanstilsynet as an EU e-money institution; fully subject to GDPR.

1/5

US Delaware corporation; CLOUD Act applies; no EU legal entity or DPA framework for EU customers

Data Retention & Training

Is your data used for model training?

Pleo: Expense data is not used for AI model training; retention aligned with EU financial record-keeping obligations.

Ramp: No training on customer financial data; strong contractual commitments; SOC 2 verified controls

4/5

Expense data is not used for AI model training; retention aligned with EU financial record-keeping obligations.

4/5

No training on customer financial data; strong contractual commitments; SOC 2 verified controls

Certifications

ISO 27001, SOC 2, Cyber Essentials, etc.

Pleo: ISO 27001 and PCI DSS certified; financial services regulatory oversight adds additional compliance assurance.

Ramp: SOC 2 Type II and PCI DSS — appropriate for a card-issuing fintech; ISO 27001 not confirmed

4/5

ISO 27001 and PCI DSS certified; financial services regulatory oversight adds additional compliance assurance.

3/5

SOC 2 Type II and PCI DSS — appropriate for a card-issuing fintech; ISO 27001 not confirmed

Regulatory Fit

Suitability for regulated industries and professional services

Pleo: Excellent fit for EU finance teams; regulated e-money institution with native multi-country accounting integrations.

Ramp: US-only product; not available or suitable for EU business entities; EU companies should consider Pleo or Payhawk

5/5

Excellent fit for EU finance teams; regulated e-money institution with native multi-country accounting integrations.

1/5

US-only product; not available or suitable for EU business entities; EU companies should consider Pleo or Payhawk

Total Score

22/25

10/25

Best For

Pleo

Best for EU-headquartered organisations needing maximum data sovereignty; regulated industries (Finanstilsynet, BaFin); privacy-conscious teams who need strong data retention controls; teams on a tight budget.

Ramp

Best for privacy-conscious teams who need strong data retention controls; teams on a tight budget.

Detailed Comparison

Pleo vs Ramp: Trust & Compliance Comparison

Pleo (Pleo, DK) scores 22/25 overall with a Gold (Excellent) trust badge. Danish AI-powered spend management and smart company cards for European businesses. Ramp (Ramp, US) scores 10/25 with a Review Required (Caution) trust badge. US AI-powered corporate card, expense management, and finance automation platform.

Dimension-by-Dimension Breakdown

#### Data Residency

Pleo leads with 4/5 vs 1/5.

●Pleo (4/5): Financial and transactional data hosted in EU cloud infrastructure under Danish financial regulation.

●Ramp (1/5): US-only product and infrastructure; no EU data residency; EU businesses not currently supported

#### Legal Jurisdiction

Pleo leads with 5/5 vs 1/5.

●Pleo (5/5): Danish A/S incorporated and regulated by Finanstilsynet as an EU e-money institution; fully subject to GDPR.

●Ramp (1/5): US Delaware corporation; CLOUD Act applies; no EU legal entity or DPA framework for EU customers

#### Data Retention & Training

Both score equally at 4/5.

●Pleo (4/5): Expense data is not used for AI model training; retention aligned with EU financial record-keeping obligations.

●Ramp (4/5): No training on customer financial data; strong contractual commitments; SOC 2 verified controls

#### Certifications

Pleo leads with 4/5 vs 3/5.

●Pleo (4/5): ISO 27001 and PCI DSS certified; financial services regulatory oversight adds additional compliance assurance.

●Ramp (3/5): SOC 2 Type II and PCI DSS — appropriate for a card-issuing fintech; ISO 27001 not confirmed

#### Regulatory Fit

Pleo leads with 5/5 vs 1/5.

●Pleo (5/5): Excellent fit for EU finance teams; regulated e-money institution with native multi-country accounting integrations.

●Ramp (1/5): US-only product; not available or suitable for EU business entities; EU companies should consider Pleo or Payhawk

Certifications at a Glance

Certification	Pleo	Ramp
ISO 27001	Yes	No
PCI DSS	Yes	Yes
SOC 2 Type II	No	Yes

Overall Verdict

Pleo has a clear trust advantage, scoring 22/25 compared to Ramp's 10/25. Pleo particularly excels in data residency, legal jurisdiction, certifications, regulatory fit.

Frequently Asked Questions

Which is better for EU compliance, Pleo or Ramp?

Pleo has a TrustKit score of 22/25 while Ramp scores 10/25. Pleo currently rates higher across data residency, legal jurisdiction, data retention, certifications, and regulatory fit.

How do Pleo and Ramp compare on data residency?

Pleo scores 4/5 for data residency (Financial and transactional data hosted in EU cloud infrastructure under Danish financial regulation.), while Ramp scores 1/5 (US-only product and infrastructure; no EU data residency; EU businesses not currently supported).

Are Pleo and Ramp GDPR compliant?

Both tools are assessed across five compliance dimensions. Pleo has a regulatory fit score of 5/5 and Ramp scores 1/5. Check the full comparison above for a detailed breakdown.

Explore Each Tool