Pleo launches cashback solution that supports businesses during the upcoming recession

Fintech Pleo offers smart business cards and streamlined expense management for small and medium-sized businesses. Two new functions are now being launched in the product offering giving businesses an additional opportunity to save time and money – the option to cash back on their transactions, and the option to manage several different legal entities across the Pleo platform.

With the multi-entity solution, companies with Pleo can now get an overview of, control, and manage many different legal entities from the same account. This saves valuable time for finance departments that run many different companies, as it increases transparency about costs for the entire organization, simplifies bookkeeping and enables strategic planning. Running many different companies often involves having to deal with different financial structures, VAT requirements, and fiscal years. Pleo’s multi-entity solution simplifies it with a unified overview of the entire financial structure so companies can have better control over operations.

The new cashback is the next step in Pleo’s journey toward helping businesses become more efficient and have more control over their operations. Pleo customers are now given the opportunity to earn money on their expenses. The solution is being offered as part of the work to reduce the financial stress many businesses are experiencing in the current economic climate, and with an annual subscription, businesses can now earn up to 1% cashback on every completed transaction.

“At a time of inflation and rising costs of living, the pressure is also increasing on financial managers, who are going from being able to pursue an aggressive growth strategy to having to think more narrowly in order to survive in the long term,” says Helen Podsadny-Nelson, North Director at Pleo. With these two pieces of news, we hope to be able to provide the security many businesses need for long-term and sustainable growth. Partly by providing a comprehensive overview of the company’s financial condition, but also by returning money from necessary expenses.

Both solutions are designed for medium-sized businesses with 50-500 employees and are available to all Pleo customers starting today. And as a launch cashback offer, all new or existing customers who sign up for an annual plan before January 31, 2023 will get cashback for the rest of the year.