Pleo's Financial Expansion with HSBC Partnership

Pleo, a Copenhagen-based spend management platform, recently secured a €40M debt financing facility from HSBC Innovation Banking UK. This partnership will allow Pleo to expand its credit offering into new countries and currencies, providing higher credit limits to HSBC customers. Founded in 2015, Pleo offers intelligent company cards with features like subscription management and spend categorization, used by over 30,000 companies. With plans to launch in the Netherlands and more markets in the future, Pleo is on a path of global growth. The addition of Søren Westh Lonning as CFO further strengthens Pleo's financial team, setting the stage for exciting developments in the coming months.