09 December 2021
Written By FinTech Alliance in Business Financial Management
Danish FinTech Pleo has raised $200mn as an extension to its recent funding round.
In Brief:
The FinTech offers expense management tools for companies.
The new funding has tripled its valuation to $4.7bn.
The extension was led by Coatue Management.
What does this mean?
Pleo plans to use the funding to expand its business across Europe, to countries including Finland and The Netherlands.
The decision, reportedly under discussion with the UK government, aligns with the UK’s efforts to attract global tech firms
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