Analysis

May 14, 2019

“We don’t see ourselves as a fintech company”

Fintech or not, this Danish corporate card issuer has raised two large rounds within a year. But why raise more money when the first round has not been touched?


Mimi Billing

4 min read

Jeppe Rindom and Niccolo Perra are the founders of Danish fintech Pleo.

The Danish corporate card issuer Pleo raised its A-round about a year ago. This week, it has just finalised its B-round at $56m. For a Danish fintech company that was founded in 2015 and launched its first product as late as the beginning of 2017, this is moving fast.

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Pleo has managed to get more than 3500 corporate customers since the launch in 2017.
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Mimi Billing

Mimi Billing is Sifted's Europe editor, based in Stockholm. She covers the Nordics and can be found on X and LinkedIn

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