Danish FinTech Pleo is reportedly expanding its executive team with a new chief financial officer. The naming of financial services veteran Soren Westh Lonning as CFO is a sign the spend management company is readying to go public, CNBC reported Wednesday (Dec. 13). Among the...
Expense management solution provider Pleo has laid off 150 employees — 15% of its workforce — as it shifts its target from growth to efficiency. The seven-year-old company recently experienced “a chapter of hyper-growth” in which it launched in a new country and added 100...
Today in Europe, the Middle East and Africa, the online car seller Cazoo announced that it would wind down its business in mainland Europe and Pleo and Yapily unveiled a new SMB cashflow solution. Cazoo Pulls Out of EU to Focus on UK Market Following...
Today in the connected economy, Uber invests in the future of robotic delivery with a partnership with autonomous vehicle company Nuro. Plus, Zelle marks 5 billion transactions in five years, while sustainability-focused online grocer Misfits Market purchases eGrocer Imperfect Foods. Uber Eyes Long-Term Future of...
May 02, 2024
Pleo has secured a 40-million-euro (about $43 million) debt financing facility from HSBC Innovation Banking UK. With this facility, the Danish FinTech will expand its credit offering, Pleo Overdraft, which helps European companies navigate gaps in cash flow and keep their businesses moving without missing crucial payments or facing late payment fees, Pleo said in a Wednesday (May 1) blog […]
December 13, 2023
Danish FinTech Pleo is reportedly expanding its executive team with a new chief financial officer. The naming of financial services veteran Soren Westh Lonning as CFO is a sign the...
November 04, 2022
Expense management solution provider Pleo has laid off 150 employees — 15% of its workforce — as it shifts its target from growth to efficiency. The seven-year-old company recently experienced...
September 08, 2022
Automated expense management system Pleo is partnering with open banking application programming interface (API) startup Yapily to help small and medium-sized businesses (SMBs) manage cash flow. The collaboration between FinTech...
