Soldo is a European spend‑management platform that combines prepaid Mastercard® company cards with a web/mobile console for real‑time controls, automation, and integrations across the finance stack. The company operates as an electronic money institution (EMI) rather than a bank, with authorizations in the UK and Ireland that enable fund safeguarding and EU passporting. Its proposition centers on eliminating out‑of‑pocket reimbursements, replacing risky shared cards, and giving finance teams visibility and governance over decentralized spend (T&E, subscriptions, field operations).
Soldo positions itself as “more than a card”—a governance‑first platform that integrates with leading accounting/ERP/T&E tools (Xero, QuickBooks, Sage, NetSuite, Microsoft Dynamics 365, SAP Concur, TravelPerk), automates expense capture and VAT workflows, and provides real‑time dashboards and reporting. Public case studies feature diverse European organizations using Soldo to reduce admin and accelerate month‑end close.
Soldo was founded in 2014/2015 by Carlo Gualandri (CEO) and a team of payment‑technology veterans; it launched in the UK and Italy with a multi‑user spending account and a clear stance as an EMI complementing banks, not competing with them. Early coverage highlighted its focus on controlling money flows across groups (families/businesses) with app‑defined budgets and rules, then expanding to business use cases.
Over the years, Soldo scaled across Europe, built out company cards, teams, flexible card funding, and native integrations, and established offices in London, Dublin, Milan, and Rome to serve tens of thousands of businesses. Its growth narrative includes a strong regulatory posture (FCA, CBI), PCI Level 1 accreditation, and product momentum recognised by industry outlets and awards.
Soldo has raised ~$258–260 million over multiple rounds, including a record $180m Series C (Jul 20–22, 2021) led by Temasek, with participation from Sunley House Capital (Advent International), Citi Ventures, Accel, Battery Ventures, Dawn Capital, and debt financing from Silicon Valley Bank. This round has been described as the largest Series C in the European spend‑management category at the time. Pitchbook/Tracxn indicate a post‑money valuation circa $278m following the Series C.
Earlier rounds include a $61m Series B (2019) led by Battery Ventures and Dawn Capital, and a Series A led by Accel (2017); public investor pages from Battery Ventures and press coverage corroborate timing and investor participation.
Soldo’s core product is a spend‑management platform with:
Independent reviews and directories consistently classify Soldo among leading European expense/spend platforms, noting strengths in card controls, reconciliation, and user sentiment (Trustpilot, SaaSworthy/OMR).
Soldo publishes seasonal product updates (Winter/Spring/Summer/Q3), delivering 4–6 features per release. Highlights since 2024–2025 include:
These updates are rolled out automatically to web/mobile; release notes are published on the company blog and product‑update hub.
Soldo’s messaging emphasises progressive finance, freeing teams from “tedious admin” while enforcing proactive controls. Campaigns like “Liberate Finance. Accomplish More.” won industry recognition for shifting perceptions from tactical card usage to strategic spend governance, and for boosting brand awareness significantly in B2B finance segments.
Security and compliance are positioned as non‑negotiable cultural pillars: PCI DSS Level 1, ISO/IEC 27001, Cyber Essentials Plus, FCA/CBI authorizations, and a security‑by‑design approach with continuous audits and strong customer authentication (SCA). This framing is consistent across the website and support materials and underscores a risk‑averse, enterprise‑ready posture.
