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, GB
Websitesoldo.com

Latest Updates

Employees (est.) (Apr 2021)198(+9%)
Job Openings20
Revenue (FY, 2018)£1.4 M(+339%)
Cybersecurity ratingBMore

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 an office in London
London, GB (HQ)
119 Marylebone Rd, 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

2 years ago

Soldo investors

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%
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
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
GBPFY, 2015

Financial Leverage

1 x
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Soldo Cybersecurity Score

Cybersecurity ratingPremium dataset

B

81/100

SecurityScorecard logo

Soldo Online and Social Media Presence

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Soldo News and Updates

UK Businesses Lose £37 Billion Every Year Through Poor Spending Controls Reveals Soldo

LONDON, March 15, 2021 /PRNewswire/ -- Soldo, leading European pay and spend automation platform today unveiled a new Coleman Parkes study it commissioned which found that the UK economy loses around £37bn a year through poor business spending controls[1]. While an astonishingly high...

Finance Teams are in the Dark When it Comes to Pandemic Spending: Soldo Switches on the Lights

Over 72% of businesses are in the dark with pandemic finances, saying that digital workflows and the virtual working environment have made it harder to have visibility of finances Remote working foisted on finance professionals is exacerbating the challenges they already faced when...

Soldo becomes principal member of Mastercard

Spend management platform Soldo today announces that it has extended its partnership with Mastercard...

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...

Soldo introduces API integration with NatWest Rapid Cash

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

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...
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Soldo Blogs

What are the biggest financial risks that companies face?

The post What are the biggest financial risks that companies face? appeared first on Soldo.

What are the pros and cons of e-payment systems?

The post What are the pros and cons of e-payment systems? appeared first on Soldo.

Watch on demand: Why you need to get a grip on business spending

Poor spend controls are costing the average SMB £1.7m each year. Watch this webinar for practical advice on how to stop spend waste. The post Watch on demand: Why you need to get a grip on business spending appeared first on Soldo.

Why digitising expenses should be part of your financial strategy in 2021

Businesses can make gains in efficiency, employee satisfaction, and profitability – all by digitising expenses. In this blog, we show how you can benefit. The post Why digitising expenses should be part of your financial strategy in 2021 appeared first on Soldo.

Unhappy Partner – The Project Risk Controllers Must Fix When Choosing Software

What risk needs managing when buying an external SaaS product into your finance team? This is a guest post by Christopher Argent – Founder of GenerationCFO The post Unhappy Partner – The Project Risk Controllers Must Fix When Choosing Software appeared first on Soldo.

What are the advantages of financial planning in business

With the many roles small business owners take on, it’s often difficult to find the time to sit down and focus on the business financial plans The post What are the advantages of financial planning in business 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 198 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 £7.2 k.

  • Who are Soldo competitors?

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

  • Where is Soldo headquarters?

    Soldo headquarters is located at 119 Marylebone Rd, Marylebone, London.

  • Where are Soldo offices?

    Soldo has an office in London.

  • How many offices does Soldo have?

    Soldo has 1 office.