About Soldo
Soldo is a company based in London (United Kingdom) founded in 2014.. Soldo has raised $309.84 million across 7 funding rounds from investors including SVB, Accel and Temasek. Soldo offers products and services including Company Cards, Management Platform, and Mobile App. Soldo operates in a competitive market with competitors including Spendesk, Sodexo, Concur, Pleo and Marqeta, among others.
- Headquarter London, United Kingdom
- Stage Minicorn
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Sectors
TechnologyTravel & Hospitality Financial Services
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Email
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Phone
*********
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Website
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Social
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- Legal Name Soldo Ltd
- Date of Incorporation 16 Sep, 2022
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
$577.14 K (USD)85as on Dec 31, 2022
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Net Profit
$-106.04 K (USD)36as on Dec 31, 2022
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EBITDA
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Total Equity Funding
$309.84 M (USD)
in 7 rounds
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Latest Funding Round
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Investors
SVB
& 16 more
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Employee Count
Employee Count
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Products & Services of Soldo
Soldo offers a comprehensive portfolio of products and services, including Company Cards, Management Platform, and Mobile App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Physical and virtual cards for secure business transactions
Platform to track and organize company spending efficiently
App for monitoring expenses and capturing receipts on the go
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Software Development Team
31 people
Product Management Team
10 people
Sales and Marketing
9 people
Customer Team
8 people
Finance and Accounting
7 people
Data Analysis and Operations Team
6 people
Human Resources and Administration
6 people
Leadership Team
5 people
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Funding Insights of Soldo
Soldo has successfully raised a total of $309.84M across 7 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Last Round
- First Round First Round
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Series C - Soldo | Valuation | Temasek | |
| Jul, 2021 | Amount | Debt – Conventional - Soldo | Valuation |
investors |
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| Jul, 2019 | Amount | Series B - Soldo | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Soldo
Soldo has secured backing from 17 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include SVB, Accel and Temasek. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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An investment platform is provided for diverse sectors and geographies.
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Founded Year | Domain | Location | |
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Corporate venture capital firm backed by Citi
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Founded Year | Domain | Location | |
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Soldo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Soldo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Soldo Comparisons
Competitors of Soldo
Soldo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Spendesk, Sodexo, Concur, Pleo and Marqeta, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of prepaid cards for financial benefits of employees
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| domain | founded_year | HQ Location |
Employee benefits payment cards are provided via an online platform.
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| domain | founded_year | HQ Location |
Corporate travel expenses and invoices are managed via SaaS platform.
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| domain | founded_year | HQ Location |
SaaS expense management solutions for business travel are provided.
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| domain | founded_year | HQ Location |
Card-issuing and payment processing solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Payment and corporate financial cards are provided digitally by Jeeves.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Soldo
Frequently Asked Questions about Soldo
When was Soldo founded?
Soldo was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Soldo located?
Soldo is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Soldo a funded company?
Soldo is a funded company, having raised a total of $309.84M across 7 funding rounds to date. The company's 1st funding round was a Series B of $49.94M, raised on Jun 01, 2015.
What is the annual revenue of Soldo?
Annual revenue of Soldo is $577.14K as on Dec 31, 2022.
What does Soldo do?
SaaS-driven corporate cards for expense management solutions. It features solutions for expense tracking, spending management, reporting, accounting integration, and more. It can be loaded with money in its Soldo wallet via direct bank transfer, creditdebit card, or wallet-to-wallet transfer. The Soldo card can be used to pay online and offline, with a lock option available on the app. It offers an app-based platform that is available on Android devices.
What products or services does Soldo offer?
Soldo offers Company Cards, Management Platform, and Mobile App.
Who are Soldo's investors?
Soldo has 17 investors. Key investors include SVB, Accel, Temasek, Dawn Capital, and Citi Ventures.
What is Soldo's valuation?
The valuation of Soldo is $278M as of Jul 2021.
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