What is Soldo?
Founded in 2014 and headquartered in Chiari, Lombardy, Italy, Soldo operates as a fintech company specializing in multi-user spending accounts designed for businesses. The company aims to streamline expense management and provide greater control over corporate spending through its innovative platform. Soldo's offerings cater to a wide range of businesses seeking efficient financial tools.
How much funding has Soldo raised?
Soldo has raised a total of $252M across 3 funding rounds:
Series A
$11M
Series B
$61M
Series C
$180M
Series A (2019): $11M with participation from Accel Partners
Series B (2019): $61M led by Connect Ventures, Battery Ventures, Accel, and Dawn Capital
Series C (2021): $180M supported by Temasek, City Ventures, and Sunley House Capital Management
Key Investors in Soldo
Temasek
Founded in 1974, Temasek is a global investment company headquartered in Singapore, known for its generational investment approach with a focus on long-term impact.
Connect Ventures
Connect Ventures is a venture firm based in London that focuses on investing in pre-seed and seed stage product companies, providing support and capital to exceptional founders.
Battery Ventures
Battery Ventures partners with founders and management teams developing category-defining businesses across software, enterprise infrastructure, and healthcare IT, investing globally at all stages.
What's next for Soldo?
The recent major strategic investment in Soldo signals a pivotal moment for the company, likely indicating a move towards scaling operations, expanding its product suite, and potentially entering new geographic markets. This significant capital infusion, following previous rounds of financing, positions Soldo to further solidify its standing in the competitive fintech landscape. The company's focus on business spending accounts suggests a strategic emphasis on serving the enterprise sector, with future developments likely centered on enhancing platform capabilities and user experience to attract and retain a larger corporate client base.
See full Soldo company page
