Soldo

What is Soldo?

Soldo is a cloud-based expense management platform that combines prepaid company cards with powerful spend tracking software. Founded in 2016 by Carlo Gualandri in London, Soldo helps businesses of all sizes control employee spending, automate expense reporting, and gain real-time visibility into company finances. The platform serves thousands of businesses across the UK and Europe, offering a modern alternative to traditional corporate credit cards and manual expense processes.

Prepaid Business Expense Cards

Soldo provides prepaid Mastercard cards that businesses can issue to employees, departments, or projects. Each card comes with customizable spending limits and category-based restrictions, allowing finance teams to control exactly how company money is spent. Cards can be physical or virtual, enabling both in-store purchases and online transactions. Funds are loaded from the main business account and available to spend instantly.

Real-Time Expense Management

The platform offers complete visibility into company spending as it happens. Every transaction triggers instant notifications, and employees can capture receipts directly through the mobile app. Finance teams can monitor balances, review expenses, and manage cards from a centralized web console. This real-time tracking eliminates the need for manual expense reports and reduces month-end reconciliation time significantly.

Accounting Software Integration

Soldo integrates seamlessly with major accounting platforms including Xero, QuickBooks, Sage, and NetSuite. Transaction data can be exported and reconciled with just a few clicks, reducing manual data entry and the risk of errors. The platform automatically categorizes expenses and matches them with receipts, streamlining the entire bookkeeping process.

Multi-Currency Support

Soldo supports multi-currency transactions with a fixed foreign exchange fee of 1.5% for international purchases. This makes the platform suitable for businesses with overseas operations, remote teams, or frequent international travel. Companies can manage expenses across multiple currencies without opening separate bank accounts in each country.

Key Features and Benefits

Soldo offers unlimited card issuance with no fees for domestic transactions. Businesses benefit from instant card freezing for security, custom spending rules per card, and detailed reporting on spending patterns. The platform eliminates out-of-pocket expenses and reimbursement processes, saving finance teams hours of administrative work each month. Customer support is available to assist with setup and ongoing management.

Who Should Use Soldo?

Soldo is ideal for SMEs seeking better control over employee expenses, growing companies replacing shared corporate cards, businesses with multiple departments or cost centers, and organizations looking to eliminate petty cash and manual expense claims. The platform suits any business that wants to modernize expense management while maintaining strict budget controls.

Security and Regulation

Soldo Financial Services holds an Electronic Money Institution license from the Central Bank of Ireland, enabling operations across the European Economic Area. The platform is certified as a PCI Level 1 Service Provider, meeting the highest data security standards in the payments industry. User funds are safeguarded in accordance with regulatory requirements, and features like instant card freezing and transaction alerts help protect against fraud.