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It seems to me it's similar to http://pleo.io http://pleo.io but they haven't raised that much money yet. Why is that?
by cristiantyping 8y ago
It seems to me it's similar to http://pleo.io http://pleo.io but they haven't raised that much money yet. Why is that?
- arihant 8y agoDifferent markets and products. Pleo is not in US yet. Pleo does not underwrite. Pleo requires balance in account for cards to work, hence it is a prepaid solution. Brex actually underwrites and works like usual corporate cards do.
- chvid 8y agoExactly - they (paleo) don’t really have a business model. They are just a computerized way of documenting employees use of their cash allowances.