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Soldo raises $180M for its business expense management platform – TechCrunch

Soldo raises $180M for its business expense management platform Expense management has long been a pain point for employees and accounting departments: for many, tracking and parsing how money is spent on behalf of a company is just too bogged down in legacy software ill-equipped to handle more modern demands. Today, a U.K. startup building solutions to bring the process into the 21st century is announcing a major round of funding to double down on its growth. Soldo, which provides a platform to issue employees with prepaid company cards that are linked through to an automated expense management system, has closed $180 million in funding. Soldo currently has some 26,000 customers, ranging from small- to medium-sized businesses, through to midmarket enterprises and up to large multinationals across 30 countries, with Mercedes Benz, GetYourGuide, Gymshark, Bauli, and Brooks Running among some of the more popular of them. Alongside that, by way of APIs, it also integrates with the pop

Dublin-based fintech Soldo raises $180m in funding

Soldo Closes Record $180 Million Series C Funding Round

Soldo Closes Record $180 Million Series C Funding Round July 21, 2021 @ 2:00 am By JD Alois Solda has raised $180 million in a Series C funding round led by Singapore-based Temasek. The European pay and spend automation platform reports that the investment round is the largest in its category to date. The funding round included new investors Sunley House Capital, Advent International’s crossover fund, and Citi Ventures. Existing investors also participated including Accel, Battery Ventures, Dawn Capital, and Silicon Valley Bank for debt financing. Soldo says the funding followed a 4X growth in spend volume on its platform since its Series B round. The new capital will be used to accelerate product development and market expansion across Europe. Soldo closed a $61 million in Series B funding in July 2019.

Soldo, führendes europäisches FinTech in Ausgaben- und Zahlungsautomatisierung, schließt die Rekord-Finanzierungsrunde der Serie C mit 180 Millionen US-Dollar unter der Leitung von Temasek ab

Soldo, führendes europäisches FinTech in Ausgaben- und Zahlungsautomatisierung, schließt die Rekord-Finanzierungsrunde der Serie C mit 180 Millionen US-Dollar unter der Leitung von Temasek ab
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