Bain Capital and Thrive Capital led a $150m Series C funding round in Pleo.

Bain Capital Ventures and Thrive Capital, two venture capital firms, led a $150m Series C funding round in Pleo, a Danish fintech firm, valuing the company at $1.7bn. The round was joined by Creandum, Kinnevik, Founders, Stripes and Seedcamp. “Pleo has already transformed the way that over 17k companies think about managing their expenses, saving them time and lowering costs while increasing transparency. We are excited to partner closely with the Pleo team to help drive their next phase of growth,” Kareem Zaki, Thrive Capital General Partner.