Pleo

About Pleo

Pleo is a business spend management platform founded in Copenhagen, Denmark in 2015. It provides smart company cards (physical and virtual), automated receipt capture and expense categorisation, invoice management, out-of-pocket reimbursements, and real-time spend dashboards. The platform is designed to eliminate manual expense reporting by using AI to match receipts to transactions automatically. Pleo's AI capabilities include OCR-based receipt scanning, automatic expense categorisation using machine learning, and anomaly detection for policy violations. The platform also offers AI-assisted spending insights that highlight budget overruns and suggest optimisations for finance teams. From a regulatory standpoint, Pleo is incorporated in Denmark and operates as a licensed e-money institution regulated by the Danish Financial Supervisory Authority (Finanstilsynet), which brings it under both EU financial services regulation and GDPR. Data is hosted in EU cloud infrastructure, and Pleo provides a comprehensive DPA. The company is transparent about its sub-processors and provides SCCs where applicable. Pleo holds ISO 27001 certification and has achieved PCI DSS compliance given its card payment infrastructure. SSO is available on higher-tier plans, and the platform integrates natively with major accounting systems including Xero, QuickBooks, NetSuite, and Datev — the latter being particularly relevant for German-speaking markets. Pricing tiers include Starter (free for up to 3 users), Essential, Advanced, and Beyond plans priced per user per month. Annual billing reduces costs significantly. Pleo is exceptionally well-suited to European SMEs seeking an expense management solution built under EU financial regulation, with the added confidence of Danish engineering and EU data hosting.