Soldo

Soldo is a London‑headquartered fintech that provides businesses with a unified spend‑management platform built around prepaid Mastercard® company cards, a web and mobile console, and automated expense workflows. Rather than acting as a bank or lender, Soldo is authorized as an electronic money institution, giving companies controlled access to funds while safeguarding client money under UK and Irish regulations. This structure lets finance teams delegate spending without riskier shared cards or lengthy reimbursements, and manage budgets, limits, and policies across employees, departments, and projects with real‑time visibility. The product experience centers on issuing physical or virtual cards in seconds, applying granular rules per card (merchant categories, spend caps, cash withdrawal and online usage toggles), and tracking every transaction in real time. Receipts can be captured at the point of purchase via mobile, with OCR to extract data, and expenses flow into tailored reports that speed month‑end. This reduces manual work and errors—employees avoid out‑of‑pocket claims, while finance teams reconcile faster and gain a clear view of decentralized spend like T&E, marketing subscriptions, and field purchases. Soldo integrates natively with leading accounting and ERP systems to create one source of truth. Companies can sync transactions and expense data with Xero, QuickBooks, Sage, NetSuite, Microsoft Dynamics 365, DATEV, and Exact Online; export using custom templates; and connect to travel/expense tools such as SAP Concur and TravelPerk. These integrations are designed to eliminate manual entry, reduce reconciliation work, and maintain compliance and data integrity across the finance stack. From a regulatory and security standpoint, Soldo’s cards are issued by Mastercard and the platform is PCI Level 1 compliant, with funds protection and the ability to freeze or cancel cards instantly from web or mobile. The group operates under authorizations from the UK Financial Conduct Authority and the Central Bank of Ireland, with the Irish EMI license enabling EU passporting—an important step the company took to ensure continuity for European customers amid Brexit. Soldo serves tens of thousands of organizations across Europe and highlights case studies across industries—from social care providers reducing cash handling and risk, to large enterprises digitizing travel expenses in multiple currencies, to media and education bodies accelerating month‑end closure. Public references include customers such as Sofidel, GetYourGuide, and sector examples spanning charities, manufacturing, and professional services. Commercially, Soldo offers tiered plans that scale from core card issuance and receipt capture to advanced automation, multi‑wallet/multi‑currency governance, custom approvals, and enterprise integrations. Pricing pages detail “Standard,” “Plus,” and “Unlimited” (enterprise) tiers, each with defined wallets, users, and transfer limits, alongside financial‑service fees for card issuance and ATM withdrawals. Independent reviews consistently describe Soldo as a leading European platform with strong user sentiment and Trustpilot ratings, and list it among the top spend‑management tools compared with alternatives such as Pleo, Spendesk, and Payhawk. On the corporate side, Soldo was founded by payment‑technology veterans and has raised substantial venture funding, including a record £/$180m Series C led by Temasek with participation from Advent International’s crossover fund, Sunley House Capital, Citi Ventures, Accel, Battery Ventures, Dawn Capital, and debt financing from Silicon Valley Bank. Public databases and the company’s own blog outline total funding around $258–260m and continued expansion across UK, Italy, Ireland, France, Germany, and Benelux.

Soldo’s core advantage is its “controls‑first” architecture as a regulated EMI, combining granular card governance with deep integrations to eliminate reimbursements and shared‑card risks—while fitting alongside existing bank accounts and ERPs. Many competitors offer corporate cards with credit lines or focus narrowly on expense claims; Soldo’s model prioritizes safeguarded funds distribution and policy enforcement before spend happens, giving finance leaders real‑time oversight without micromanagement. This approach materially reduces admin and errors and aligns well with organizations that want to spend delegated but tightly governed. The breadth and maturity of its integrations is another differentiator. Native connectors to Xero, QuickBooks, Sage, NetSuite, Microsoft Dynamics 365, DATEV, Exact Online, SAP Concur, and TravelPerk deliver a single data flow from transaction to ledger and T&E, with custom export templates for edge cases. In practice, this reduces reconciliation time and preserves data integrity, which reviewers and comparison sites consistently flag as critical in evaluating alternatives like Pleo, Spendesk, and Payhawk. Soldo’s support‑center documentation also reflects ongoing investment in integration coverage—from bank feeds to OCR and Amazon Business.

• Small Businesses (1-99)
• Mid Market (100-500)
• Enterprise (500+)