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Pleo raises $150m at a $1.7b valuation for its new approach to managing expenses for SMBs

Denmark based expense management platform raised $150m in Series C funding co-led by Bain Capital Ventures and Thrive Capital at a pre-money valuation of $1.55b.

“Pleo has already transformed the way that over 17,000 companies think about managing their expenses, saving them time and lowering costs while increasing transparency, ... We are excited to partner closely with the Pleo team to help drive their next phase of growth.”, said Kareem Zaki, general partner at Thrive Capital.