Company Research Report: Soldo
Company Overview
- Name: Soldo
- Mission: Liberate finance and accomplish more by empowering businesses to manage spending safely and responsibly.
- Founded: 2014
- Founder: Carlo Gualandri, along with a team of entrepreneurs and banking experts.
- Key People:
- Carlo Gualandri (Co-founder)
- Paraag Amin (CFO)
- Headquarters: 119 Marylebone Road, London, NW1 5PU, United Kingdom.
- Number of Employees: Over 350 employees.
- Revenue: No information is available.
- What the Company is Known for: Known for its innovative spend management solutions that combine customizable prepaid cards with powerful expense management platforms.
Products
Soldo Platform
- Description: A spend management platform for businesses of all sizes, integrating smart payment cards and expense management systems.
- Key Features:
- Pre-programmable Cards: Customizable for specific transactions, budgets, and teams.
- Expense Management: Automates spending reporting and reconciliation processes.
- Real-time Insights: Provides visibility over decentralized spending for better decision-making.
- Integrations: Seamless integration with major accounting software like Xero, QuickBooks, NetSuite, Sage, and more.
- Security: Compliant with PCI DSS Level 1, ISO/IEC 27001, ISO/IEC 9001, and Cyber Essentials Plus standards.
Soldo Mobile App
- Description: An app designed to help employees manage and submit expenses seamlessly.
- Key Features:
- Receipt Capture: Allows users to photograph receipts and input spend data instantly.
- Real-time Spend Tracking: Provides up-to-date views of budgets.
- Instant Fund Top-Up: Allows quick fund requests and approvals.
Soldo Tailored Solutions
- Description: Customized spend management solutions designed to meet unique business needs.
- Key Features:
- API Integrations: Allows businesses to integrate Soldo into their existing systems.
- Smart Payment Flows: Custom solutions for complex transaction needs.
Recent Developments
- Recent Developments in the Company:
- Soldo has completed a significant brand identity overhaul to symbolize a new dawn in spend management.
- The company has secured Series C funding of $180 million in 2021, led by Temasek and included investors like Sunley House Capital and Citi Ventures.
- New Products Launched: No specific new products have been disclosed.
- New Features Added to Existing Products:
- Expansion of platform capabilities, enhancing integrations with SAP Concur and ZTravel, among others.
- Enhanced fuel card functionalities for broader acceptance and detailed spend tracking.
- New Partnerships:
- Collaborations with TravelPerk and leading software platforms for improved expense management and real-time reconciliation features.
Additional Information
- Custodian of Data: Soldo prioritizes data security and complies with relevant privacy laws like GDPR.
- Client Reach: Trusted by over 25,000 businesses across Europe, ranging from startups to large enterprises.
- Investors: Funded by notable investors like Temasek, Accel, Battery Ventures, Dawn Capital, and Silicon Valley Bank.
This structured report aims to provide a comprehensive overview of Soldo, detailing its operations, product offerings, and recent corporate movements without extraneous commentary.
