United Kingdom based provider of multi-user spending accounts for businesses raised $61m in Series B funding co-led by Battery Ventures and Dawn Capital.
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Soldo raises $61 million
“When you don’t know that a solution exists, you don’t even call it a “problem” but you consider it just a ‘fact of life’,” [founder Carlo Gualandri] says. “Spend management is a new category that replaces many old and outdated processes. [It] allows companies to distribute access to money with control, enabling flatter and more agile organisations. It will take time for the market to fully realise its transformational power”.
