Pleo

Pleo is a corporate card and spend management platform that also handles reimbursements and supplier payments. Cards run on the Mastercard network, and the UK entity, Pleo Financial Services UK Ltd, is an electronic money institution.

Products

The services listed are corporate cards, expense management, accounts payable, multi-currency and embedded spend management. The company states that its multi-currency feature lets customers hold, exchange and send funds in several currencies, and that Pleo Embedded brings spend management into other companies' own products.

Regulation

Pleo Financial Services UK Ltd appears under FCA FRN 1020730 with company number 15842283. The authorisation is stated on the company's own website.

Who it suits

Finance teams that want employees to pay with company cards that follow policy, and want receipts and approvals captured at the moment of purchase. Software platforms and banks can consider the embedded version when they want to offer spend control to their own customers.

Before choosing

Plans, card limits, supported countries and the legal entity that will contract with a given company vary, and should be confirmed with Pleo directly.