What is Soldo?
Founded in 2014 and headquartered in Chiari, Lombardy, Italy, Soldo operates within the dynamic fintech landscape. The company specializes in providing multi-user spending accounts designed for businesses, offering a streamlined solution for managing corporate expenditures. Soldo's innovative platform aims to simplify expense management, enhance financial control, and improve operational efficiency for its clientele.
The company's focus on delivering practical financial tools for businesses positions it as a key player in the evolving market for corporate financial solutions.
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 Battery Ventures, Accel, Dawn Capital, and Connect Ventures
Series C (2021): $180M supported by Sunley House Capital Management, Temasek, and City Ventures
Key Investors in Soldo
Accel Partners
Accel Partners is a venture capital firm known for investing in early-stage and growth-stage technology companies. They have a strong track record of supporting innovative startups and helping them scale globally.
Battery Ventures
Battery Ventures is a global investment firm that partners with founders and management teams to build category-defining businesses across software, enterprise infrastructure, and other technology sectors. They invest across all stages, from seed to buyout.
Dawn Capital
Dawn Capital is a European venture capital firm focused on backing ambitious founders building leading business software companies. They provide early-stage investment and deep sector expertise to help companies scale internationally.
What's next for Soldo?
The recent major strategic investment signifies a pivotal moment for Soldo, likely enabling the company to accelerate its product roadmap, expand its market reach, and further enhance its technological infrastructure. This infusion of capital is expected to support strategic initiatives aimed at solidifying Soldo's position as a leader in the business spending account market.
Future developments may include expanding service offerings, forging new partnerships, and potentially exploring international market expansion, all driven by the strategic backing received.
