Pleo is a Financial Services company which means we are subject to heavy Anti Money Laundering regulations. In particular, 5th EU Anti-Money Laundering Directive.
These ensure that financial institutions understand the nature and purpose of customer relationships. This involves a requirement for information about business customers’ ownership structure and management control. KYC (Know Your Customer) needs to be performed when onboarding a new client.
What does this mean for you?
Before you can start using Pleo you need to complete a company verification process. Don't worry, this involves 2 quick and easy parts.
Part 1 - Let's set you up
Click Get started and enter your company email.
Select your company size so we can ensure you get what is needed for your category. Note: If you fall under 500+ category you will be directed to book a call with our team.
Create your 4 digit passcode and confirm. This is important to remember, you will need this code for logging in.
Enter your phone number and complete the mobile number verification. Read more on our Strong Customer Authentication here
Part 2 - Uploading your verification documents for you and your company
Click on Start Verification
Choose your identity verification method and
NemID (DK only)
Bank ID and Personnummer (SE only)
Choose your ID document, we can only accept official form of ID like passport, drivers licence or ID cards.
Confirm your company details either by our generated suggestion OR using our search function via company name or registration number.
Add your VAT registration number.
Nice work 👏 All done! You can click on get started to test out Pleo.
How we verify your company
While you are trying out Pleo on initial verification, We are required to verify all the Ultimate Beneficial Owners (UBO) and Executive Directors in the company that directly or indirectly owns 25% or more of shares. You will always be able to see outstanding documents in your company info page.
FAQ's on our Verification Process ❓
Why am I personally being verified?
As the person who set up the account you will be the main administrator, meaning access to company info and you will be initially in charge of the account. We need to ensure legitimacy of the account creator and keep the account secure through verifying you.
Who else do I need to have verified in my company?
You will prompted to upload documents needed for your account based on ownership. You will also be able to view all members of your company who need to verified on the company info page
I seem to be stuck in the verification process what do I do?
There can be multiple reasons for this and we follow a certain procedure depending on the situation.
If you fail initial admin verification, our compliance will reach out to you in 24 hours to inform you of what may be needed.
If you receive an error message: Our compliance team will try to amend and reach out to you once solved within 24 hours.
If the admin verification does not complete or constantly loads (3 dots), you will need to reach out to our support team in the in app chat or firstname.lastname@example.org who will assist you from here.