Danish FinTech Pleo has gained Unicorn status, having raised $150mn in its latest funding round.
In Brief:
The Series C round was led by Bain Capital Ventures and Thrive Capital.
Pleo is now a unicorn, valued at US$1.7bn.
The B2B FinTech offers company cards and expense management solutions across Europe.
What does this mean?
Pleo will use its fresh funds to concentrate on growing its customer base as well as developing its platform beyond the corporate cards it’s known for. Reportedly, the aim is to introduce more spend management tools for companies.
