Spend Management software for business

Updated: July 12, 2019

2019. Soldo scored $61M for its spend management platform for business

Soldo, the service that offers a multi-user spending account for businesses, has closed $61 million in Series B funding. Soldo offers a multi-user spending account for businesses of all sizes — from SMEs to much larger enterprises — that need to deploy and manage expenses across an entire organisation. It enables departmental and employee spending to be managed in real time by combining a Soldo account, central dashboard, apps for iOS and Android and virtual wallets or physical “pre-paid” Mastercards that can be handed out to employees, departments and even external consultants or contractors. In addition, Soldo offers granular spending controls that are at the heart of its tech stack. It also lets users capture receipt data, while the whole system integrates with commonly used business accounting packages such as Xero, QuickBooks, Concur, Expensify, NetSuite, Zucchetti and SAP.