Overview
Pleo was founded in 2015 in Copenhagen by Jeppe Rindom and Niccolo Perra, both early employees of Tradeshift[15]. The company says it serves more than 40,000 businesses across 16 European countries and employs more than 800 people[15]. Its UK arm, Pleo Financial Services UK Ltd, is authorised by the Financial Conduct Authority as an electronic money institution[14].
Pleo is designed for small and medium-sized businesses that want every employee to carry a card. On its UK price list, Start costs £8 per user per month with a single administrator; Build costs £14 and Optimise £18 per user per month, both billed yearly with a three-user minimum[14]. Build adds reimbursements, mileage, approval workflows and up to 15 vendor cards; Optimise adds budgets, HRIS integrations, AI expense review, cashback for eligible customers and up to 50 vendor cards[14]. Credit limits rise from £5,000 on Start to £100,000 on Optimise for eligible customers[14].
Transaction fees are clearly disclosed but material: card and invoice foreign-exchange fees range from 1.49% to 2.00% depending on plan, and international payments cost £6–£8 each[14]. Pleo’s procurement and purchase-order tooling is lighter than Payhawk’s or Spendesk’s add-ons.
Pleo features
- Physical and virtual employee cards
- Automated expense reports
- Mileage and reimbursements (Build+)
- Vendor cards for subscriptions
- Budgets and HRIS integrations (Optimise)
- AI expense review (Optimise)
- Physical and virtual cards
- Real-time expense tracking and receipt capture
Pleo pricing
UK: Start £8/user/month (monthly, 1 admin); Build £14/user/month (yearly, min. 3 users); Optimise £18/user/month (yearly, min. 3 users). FX fees 1.49–2.00%; international payments £6–£8.
Pleo strengths and limitations
Strengths
- Transparent published pricing
- Strong mobile experience for employees
- Clear fee schedule per plan
- Published per-user prices in local currency
- Simple onboarding for small teams
- Accounts payable included from entry plan
Limitations
- FX fees of up to 2% on lower plans
- Annual commitment for Build and Optimise
- Procurement depth limited
- No free plan
- Low credit-limit caps on lower tiers
- Cashback only on top plan
Appears in
- Best Corporate Cards in 2026 #9
- Best Expense Management Software in 2026 #10
- Best Spend Management Software in 2026 #8
Pleo alternatives and competitors
Alternatives to Pleo: companies ranked in the same lists.
Ramp
Payhawk
Brex- Navan
Emburse Cards
Spendesk
Expensify
SAP Concur
Soldo
BILL Divvy Card
Mercury
Rippling
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