# Soldo Financial Services

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/soldo-financial-services

- Industry: Internet
- Headquarters: London, UK
- Website: www.soldo.com
- Total disclosed funding: $252M
- Latest round: Series C (Jul 21, 2021)
- Investors on record: 11

## About

Founded in 2015 and based in London, UK, Soldo Financial Services Ltd. operates as a fintech company for pay and spending automation platforms. The company was founded by CEO Carlo Gualandri. In July 2021, Soldo Financial Services raised USD 180 million in Series C funding led by Temasek Holdings. The company works with more than 26,000 companies, from small businesses to multi-national corporations in more than 31 countries, and empowers customers, including Mercedes Benz, GetYourGuide, Gymshark, Bauli, and Brooks Running. As of 2021, the company has over 200 employees and represents 21 countries in four cities and three countries.

The company offers a spend management platform that gives businesses real-time visibility and cost control across all departments. Using the company's software enables businesses to track and control their spending. The company also allows companies to spend money on travel and entertainment, advertising, purchases, software subscriptions, e-commerce, and more.

Soldo Financial Services generates revenue by offering subscription packages which include Soldo Uno (free), Soldo Pro (EUR 6 per card per month), Soldo Premium (EUR 10 per card per month), and Soldo custom packages.

The company plans to use its funding from July 2021 to accelerate product development and market expansion across Europe.

## Funding rounds

- Series C, Jul 21, 2021, $180M — Accel, Advent International, Battery Ventures, Temasek Holdings, Dawn Capital, Citi Ventures, Advent Global Opportunities
- Series B, Jul 8, 2019, $61M — Accel, Battery Ventures, Dawn Capital, Connect Ventures
- Series A, Jun 21, 2017, $11M — Accel, Connect Ventures, U-Start Ventures, InReach Ventures, R204 Partners

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Series A, Series B, Series C
- Connect Ventures — Series A, Series B
- U-Start Ventures (https://capitalatlas.ai/funds/u-start-ventures) — Series A
- InReach Ventures (https://capitalatlas.ai/funds/inreach-ventures) — Series A
- R204 Partners — Series A
- Battery Ventures (https://capitalatlas.ai/funds/battery-ventures) — Series B, Series C
- Dawn Capital (https://capitalatlas.ai/funds/dawn-capital) — Series B, Series C
- Advent International (https://capitalatlas.ai/funds/advent-international) — Series C
- Temasek Holdings — Series C
- Citi Ventures (https://capitalatlas.ai/funds/citi-ventures) — Series C
- Advent Global Opportunities (https://capitalatlas.ai/funds/advent-global-opportunities) — Series C