By Aisling Finn on Thursday 2 April 2020
The two fintechs insist “London is still open for business” amid the worsening coronavirus outbreak.
Pleo is a business banking provider that aims to streamline company expense systems by offering company cards and smart expense reporting.
According to the two fintechs “SMEs collectively losing over £8bn each year to the administrative burden created by business expense management,” a figure I’m sure many will want to reduce as the purse strings are tightened due to the coronavirus outbreak.
Roisin Levine, head of banks at Flux, said: “At Flux we’re passionate about improving the experience for our customers. Expensing is a natural partnership for us as a digital receipts company - we’ve all experienced the pain of trying to manage expenses and reconcile accounts!”
“We’re incredibly excited to be working with Pleo to bring the UK its first fully-automated, invisible, expensive solution,” she added.
Luke Richardson, director of brand and communications at Pleo, said: “Both Pleo and Flux have a shared common value – to remove unnecessary friction in an increasingly digital world. For us, that’s with business spending.”
“We’re excited to get to work with this new strategic partnership as it will allow us to automate even more of the Pleo experience so our customers can focus on what’s important: doing great work.”
Both companies are hoping to roll out this process to Pleo’s 7,000 UK customers by the end of 2020.