Pleo, a start-up that offers companies payment cards and uses artificial intelligence (AI) techniques to automatically match receipts, has raised $3 million.
The London and Copenhagen-based fintech firm is hoping to take on the likes of SAP-owned Concur and Expensify.
"It's about bringing a new spending solution to businesses. We have always felt the pains of managing company purchases, sharing credit cards, keeping track of receipts and understanding all of that. TI's something every executive hates," Jeppe Rindom, chief executive of Pleo, told CNBC by phone.