Danish startup Pleo, which sells corporate expense management software and connects smart payment cards, raised its valuation to $ 1.7 billion with $ 150 million in equity financing.The investment, led by Bain Capital Ventures and Thrive Capital,

makes Pleo the last privately-owned tech company in เกมสล็อต Europe to surpass the coveted $ 1 billion unicorn valuation.The digitalization and automation of financial processes has been going on for a while now,” Jepp Rindom, Pleo's CEO and co-founder, told CNBC in an exclusive interview.

Pleo earns about 70% of her income from an exchange fee charged to the merchant's bank account each time the customer uses her card. The other bulk of the company's sales comes from paid subscriptions.

The coronavirus pandemic has become an “accelerator” for Pleo, Rindom said, adding that the trend towards work from home is offsetting the decline in international business travel. According to him, the company's client base has more than doubled during 2020 and amounted to 17,000 people.

Following the investment, Keri Gohman of Bain Capital Ventures will join Pleo's board of directors. Previously, Gokhman held senior management positions with accounting software provider Xero and US bank Capital One.

Pleo is also a rare example of a billion-dollar technology company emerging in Denmark. Pleo's founders were early employees of Tradeshift, a $ 1.1 billion fintech company originally based in Copenhagen but relocated to San Francisco.