Soldo

OverviewSuggest Edit

Soldo is a company developing a platform which provides multi-user spending accounts for companies. 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 Mastercards cards. Soldo also allows setting different expense criteria for each employee, contractor or spending department and integrates with commonly used business accounting packages.

TypePrivate
Founded2014
HQLondon, GBMap
Websitesoldo.com

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Latest Updates

Employees (est.) (May 2020)172(+3%)
Revenue (FY, 2018)£1.4 M(+339%)

Key People/Management at Soldo

Carlo Gualandri

Carlo Gualandri

CEO
Stuart Gammon

Stuart Gammon

Chief Revenue Officer
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Soldo Office Locations

Soldo has offices in London, Dublin, Milan and Rome
London, GB (HQ)
19-21 Crawford St, Marylebone
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Soldo Financials and Metrics

Summary Metrics

Founding Date

2014

Soldo total Funding

$83.2 m

Soldo latest funding size

$61 m

Time since last funding

a year ago

Soldo investors

Accel Partners, Silicon Valley Bank, Battery Ventures, Dawn Capital, Connect Ventures, U-Start, InReach Ventures, R204 Partners, Marco Valta, iStarter, Ithaca Investments, Carlo Gualandri
Soldo's latest funding round in July 2019 was reported to be $61 m. In total, Soldo has raised $83.2 m
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Soldo Revenue

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Soldo's revenue was reported to be £1.43 m in FY, 2018
GBP

Revenue (FY, 2018)

1.4m

Gross profit (FY, 2018)

839.7k

Gross profit margin (FY, 2018), %

58.9%

Net income (FY, 2018)

(32.2k)

EBIT (FY, 2018)

(48.5k)

Cash (31-Dec-2018)

2.3m
GBPFY, 2016FY, 2017FY, 2018

Revenue

2.1k325.5k1.4m

Cost of goods sold

241.0k586.5k

Gross profit

2.1k84.5k839.7k

Gross profit Margin, %

100%26%59%
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GBPFY, 2015FY, 2016FY, 2017FY, 2018

Cash

594.6k1.0m2.3m

Accounts Receivable

188.063.1k4.5m

Inventories

56.3k

Current Assets

401.0k725.0k5.5m19.1m
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GBPFY, 2015FY, 2016FY, 2017FY, 2018

Cash From Operating Activities

(401.0k)109.8k2.7m10.0m

Cash From Investing Activities

119.0145.0221.7k

Cash From Financing Activities

401.0k597.6k835.9k47.5k

Net Change in Cash

707.6k430.2k1.2m
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GBPY, 2018

Revenue/Employee

18.5k

Financial Leverage

26.4 x
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Soldo Online and Social Media Presence

Soldo's Trends

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Soldo News and Updates

January 15, 2020

NatWest to funnel SME loans through pre-paid card provider Soldo

NatWest is to provide Esme Loans and Rapid Cash lending services direct to users of pre-paid company...
November 12, 2019

Soldo introduces API integration with NatWest Rapid Cash

Soldo, the multi-user business spending solution, has today announced a series of enhancements to fu...
July 08, 2019

UK fintech Soldo raises €54m for Dublin move

A London-based startup that has migrated most of its operations to Ireland ahead of a possible Brexi...
July 08, 2019

London fintech Soldo scoops up $61m in funding

London-based business banking fintech firm Soldo has today closed a $61m (£48.7m) series B funding round, led by Battery Ventures. [...] The post London fintech Soldo scoops up $61m in funding appeared first on CityAM.
July 08, 2019

Soldo scores $61M Series B for its ‘spend management’ platform for businesses

Soldo, the U.K. fintech that offers a multi-user spending account for businesses, has closed $61 million in Series B funding. Leading the round is Battery Ventures and Dawn Capital, with participation from previous backers Accel and Connect Ventures. In addition, a small portion is debt financing fr…
March 06, 2019

Soldo gains Irish e-money licence

Soldo, the London-based fintech offering payment and spend management services to businesses, has to...
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Soldo Blogs

May 18, 2020

Protecting Company Cash Flow in a Crisis

Hands up if you’re a budget holder who’s been told to curb spending because of the Covid-19 pandemic?  Keep them […] The post Protecting Company Cash Flow in a Crisis appeared first on Soldo.
May 15, 2020

Controlling the flow: the ins and outs of positive cash flow management

Sales are often touted as the be-all-end-all of business success. But while it’s true that your business can’t survive — […] The post Controlling the flow: the ins and outs of positive cash flow management appeared first on Soldo.
May 13, 2020

Productive Remote Teams Demand Freedom: An Interview with Carl Frey

Why has it taken a global pandemic to move us to a world of remote working? We discuss with Future of Work and Oxford University expert Dr Carl Frey. The post Productive Remote Teams Demand Freedom: An Interview with Carl Frey appeared first on Soldo.
May 12, 2020

Blockchain Founders Must Remain Product-Focused: An Interview with Sam Endacott

We discuss the future of open-source, enterprise blockchain and digital assets with one of the UK's leading innovative tech investors, firstminute capital. The post Blockchain Founders Must Remain Product-Focused: An Interview with Sam Endacott appeared first on Soldo.
May 11, 2020

Introducing the new Soldo mobile app

The new Soldo mobile app has arrived bringing you the smoothest, easiest and fastest experience yet. The post Introducing the new Soldo mobile app appeared first on Soldo.
May 06, 2020

Applying Technology to the World’s Biggest Problems: An Interview with Melanie Hayes

Melanie Hayes, Managing Partner at Bethnal Green Ventures talks 'tech for good' and how BGV's portfolio is adapting to the COVID-19 crisis. The post Applying Technology to the World’s Biggest Problems: An Interview with Melanie Hayes appeared first on Soldo.
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 Soldo Frequently Asked Questions

  • When was Soldo founded?

    Soldo was founded in 2014.

  • Who are Soldo key executives?

    Soldo's key executives are Carlo Gualandri and Stuart Gammon.

  • How many employees does Soldo have?

    Soldo has 172 employees.

  • What is Soldo revenue?

    Latest Soldo annual revenue is £1.4 m.

  • What is Soldo revenue per employee?

    Latest Soldo revenue per employee is £8.3 k.

  • Who are Soldo competitors?

    Competitors of Soldo include Get Your Bill, Khatabook and SabPaisa.

  • Where is Soldo headquarters?

    Soldo headquarters is located at 19-21 Crawford St, Marylebone, London.

  • Where are Soldo offices?

    Soldo has offices in London, Dublin, Milan and Rome.

  • How many offices does Soldo have?

    Soldo has 4 offices.