Soldo

Soldo, founded in London in 2015, is a fintech platform for corporate expense management, offering prepaid business cards paired with dedicated software to automate budgeting, approvals, and employee expense reporting, replacing manual processes based on paper expense reports or spreadsheets with an integrated digital workflow. The company's largest funding round was a $180 million Series C led by Singaporean investment fund Temasek, described as a European record for the spend management category. The round also included new investors Sunley House Capital, Advent International's crossover fund, and Citi Ventures, alongside existing investors Accel, Battery Ventures, and Dawn Capital, with Silicon Valley Bank providing a debt component, bringing total funding raised to $370.2 million. On the product front, the 2025 winter launch introduced simplified travel and invoicing features, improved card delivery tracking, and further automation in expense approval processes. Soldo today serves over 25,000 organisations globally, confirming the scale the platform has reached after a decade of operation. Soldo competes in the corporate spend management market, crowded with numerous European and U.S. fintech players including Pleo, Spendesk, and U.S.-based Ramp (not to be confused with the similarly named Polish crypto fintech) — a segment with growing structural demand as companies of all sizes seek to digitise and automate expense control processes, reducing the administrative burden on finance teams.