Soldo is the pay and spend automation platform for business. The brighter way to manage spending. Soldo integrates prepaid Mastercard® cards, a web-based administration console and a mobile app into one intuitive future-ready platform. Soldo was founded by a group of tech veterans and payment pioneers who refused to accept the inefficient and fragmented state of business spending in the 21st century.

Type: Private
Funding Status: Series B
Foundation year: 2015
Location: London, United Kingdom
Number of employees: 51-100
Founders: Carlo Gualandri
Target geographic market:



08 Feb-19 – The Card & Payment Awards – Soldo wins ‘Best Service to Business’

About Product/Service
Products Soldo Pro: Prepaid cards, mobile app and administrative web console, Spending controls for each user including limits, rules and budgets, Accounting integrations with Xero, QuickBooks Online, Sage and more, On-the-spot receipt capture and enriched transaction data, Free deposits and withdrawals from domestic accounts, Instant and free fund transfers to users, Automatic card top-ups, Permissions and roles for users, Live customer support / Soldo Premium: Everything in Pro + Customisable cards for teams, projects or company expenses, Configurable roles for users: admins, managers, external bookkeepers and others, Advanced reporting with filters by period, currency, user and more / Soldo Enterprise: All of Premium + A dedicated Customer Success Manager; Custom onboarding and product training; Advanced integration with your systems (API); Early access to new features and the option to join our customer feedback panel
Core product offerings for individual/retail customersSoldo Pro, Soldo Premium, Soldo Enterprise
Regulators/ComplianceSoldo Financial Services Ltd is an electronic money institution, authorised and regulated by the Financial Conduct Authority under the Electronic Money Regulations 2011. Client funds are always protected, as they are completely independent of Soldo’s business accounts and assets. The funds are safeguarded under UK Electronic Money Regulations 2017 and cannot be claimed by Soldo creditors.
Pricing- £6 for bank withdrawals outside of the UK in Europe. - £16 for other international withdrawals and transfers, applicable to bank transfer in USD, GBP to non-UK bank accounts, EUR using non-SEPA circuit. - £1 for GBP withdrawals when your card currency is GBP. £2 when withdrawals in other currencies. - €1 for EURO withdrawals when your card currency is EURO. €2 when withdrawals in other currencies. - $2 for USD withdrawals when your card currency is USD. $2 when withdrawals in other currencies. - Transactions in other currencies are charged at 2% for Soldo Start customers and 1% for Pro and Premium members. - Currency exchanges between your accounts are charged at 1% above the interbank rate. - Transaction investigation fees are £10.
The Base Currency£ (GBP)
Number of Currencies SupportedSoldo Premium supports £, € and $ (USD)
Product costSoldo Pro - £5/mo and per card (up to 20 cards); Soldo Premium - £9/mo and per card; Soldo Enterprise - Contact sales
Issuing physical card and delivery£5 for plastic card issuing and £1 for virtual card issuing. Each replacement card is charged at the same rate.
Money transfers/paymentsPrepaid Mastercard® cards
(a) a personal accountNo
(b) a business accountYes

Key people

Funding rounds

Last Funding Date Jul 8, 2019
Last Funding Amount $61M
Last Funding Type Series B
Total Funding Amount $83.2M
Number of Funding Rounds 5
11000000 61000000


Customer/Products segments Payments, Prepaid Card, Expense Tracking
Key product offeringSoldo Pro, Soldo Premium, Soldo Enterprise
Banking licenseNo, has an Electronic Money Institution licence from Ireland’s Central Bank.
Type of customersSMEs, enterprises, accountants
Estimated revenue$1M to $10M
Number of investors 12
Number of lead investors4
Names of lead investorsDawn Capital, Silicon Valley Bank, Battery Ventures, Accel

Tech stack


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