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Pleo — A company card that does your expense reports
Pleo is a company payment card that does your expense reports and simplifies company spending.
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Replies
@joshuapinter Hi Joshua, with 5 Canadians on my team, this is something that is frequently up for consideration :-) Currently, our focus is on Europe.
Already using Pleo and it's kick ass. Works nicely with a self-managed organisation.
hey @jepperindom it looks awesome, very sleek user interface, I love the design, it seems a very promising product! My only question is how does Pleo differ from Soldo for example?
@lorenzobruno Hi Lorenzo, I am happy to hear that you like the design and simplicity of our product. Soldo is active in the UK market and on a headline basis, they are addressing some similar pains. However, as you often find, the products are quite different when you start to use them. In Soldo, you for example have to prepay money to each card before they are used. This can be a fairly time consuming task and it requires much cash. We've designed Pleo in a different way, where the money is held in a single Pleo master account, from where each card is running - yet still limited by the spending limits that you can set for each user. Many users also enjoy our automated accounting and integrations to accounting systems such as Xero.
If I want Pleo for my company? Yes please!
Even in smaller teams I clearly see that Pleo will be a true pain-killer, probably from the 1st day of usage. Impressive!
When will companies in Sweden be able to get rid of expense reports in this simple way?
This is amazing love the idea!! Looks like the whole company has to adopt the new system before you can use it.
I know lots of people who would gladly pay the monthly subscription if they could just get the card and it integrated into our company's existing system. ie. Concur ;)
@hudsonkent Yeah, the experience peaks when it is widely adopted in a company. That said, we do have customers that are starting with one team or eg. the headquarter. We're soon launching our open API as we see more and more companies wanting to push our data to other systems
Great job guy - simple solution to an underrated problem IMO. I would love to read a Pleo case study in the future, if you're planning to do one. Keep up the good work! :)
@blendorwhat Hi Blendor. Glad to hear :-) For some customer references, maybe you'd like to check out our video case studies on pleo.io.
Great to see another Copenhagen startup on Product Hunt - congrats @jepperindom and team 👊 and even cooler to see @_tosh hunting you 😻
One of the first users of Pleo. All of my team are using it and I'm so happy to not have to collect their receipts every month.
On a personal note it's always impressive when I use my Pleo card at a physical POS - I get my Pleo notification on my phone before the POS shows approval.
@joshuakarjala Hi Joshua, thanks again for supporting us as an early beta tester. Yeah, the push notification and 'one tap to snap' feature is very beloved! Most of our users enjoy not having to carry that paper receipt.
Interesting product, @jepperindom! How long did it take to get the first paying customer?
Awesome, I really need this - how do I get started? And how does it actually work, do we need to change bank - or is it more like a "prepaid phone card" just for company credit cards?
@rabu81 Hi Rasmus, great to hear. Its pretty easy to get started. Virtual Pleo cards can be created for your employees out-of-the-box and plastic cards will arrive within 48 hours. Pleo is a bank independant solution. You can make same day wires to your Pleo account and we will notify you when it's time to reload.
@jepperindom wow, that's awesome 🤘 ! ...on a side note; I just order a private card from my bank, they told me I would have it by 10 working-days 🤔 then I asked for a virtual card, they had no clue what I was talking about 🤣
This is what some people do with privacy.com there is a market for this so it's awesome that you are doing this
I recommended Pleo to our CFO back in December, we implemented it in January 💪🏽
And now I think that she's secretly in love with me 😝
Amazing product guys - I wish I had a stake in it 👌🏽
@kwadwoadu Amazing to hear Kwadwo. I am also quite in love with what you're doing at Space10. Thank you for supporting us over the past months!
Hello! Congrats for this.
I'm very surprised https://www.expensify.com isn't mentioned in any comment.
Their product is absolutely great and they already sync with tons of existing standard credit cards to automatically create expense reports. I'm been using it for years (and for free) and I'm really happy with it.
(no disclaimer: I don't work/didnt invest in their company :)
No bashing intended, of course, I didn't investigate on Pleo and maybe I'm missing a strong differentiation/value creation.
@paulodef Hi Paul, I think Expensify has done a great job in the past 10 years in using software to help business people with their expense reporting.
Pleo is on a slightly different journey. We see tons of small/mid sized companies struggling to manage their spending. Many employees are buying things and services on behalf of the company, but rarely do they have their own company card and are left with options such as paying out of pocket or borrowing a manager's credit card. This causes frustration and confusion around who is responsible for each purchase, where to find the receipt and so forth. Unfortunately, those businesses have not been able to find the answer in Expensify.
Pleo is about empowering your entire team with a payment card, but in a transparent and controlled way. Now, those who need to buy stuff can do this in an efficient way. As opposed to Expensify, our software connects with the payment processor, which give a number of benefits. For example, we push a notification to the users' phone within mili-seconds of an authorisation. This reminds the user to collect the receipt, which can be done by just tapping the notification and pointing the phone towards the receipts. Simplifying this process as much as at all possible has shown a dramatically higher succes rate in collecting the receipts.
We started using this a month ago, seems great so far... Could be nice if it handled off card expenses too..
Pros:Pretty convenient
Cons:None so far
Hi Ciaran, not sure if you're aware of Spendesk. Its an all-in-one spend platform and gives your team access to multiple payment methods: disposable virtual cards, virtual cards for subscriptions (like hubspot or facebook ads), plastic cards & can handle expense claims too. If you're looking for one platform to manage all your company's spending as opposed to just a simple company card then its worth checking out!
Would love that in Brazil (huge credit card market btw). There's a really nice one here called Nubank, but it's for personal use only. Congrats and good luck!
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