Soldo Review
Comprehensive review and analysis of Soldo's digital banking services
Quick Facts
- Founded
- 2015
- Head Office
- United Kingdom
- Active Customers
- 30,000+
- Total Funding
- €180 million
- Employees
- 400+
- App Store Rating
- 4.6/5
Pros & Cons
Pros
- Multi-user expense control
- Real-time tracking
- Automated reporting
- Custom spending rules
- Integration options
- Multi-currency support
Cons
- Business-only platform
- Monthly fees
- Complex setup
- Limited personal features
Supported Countries
- United Kingdom
- European Union
Fees
- Start Plan £6/month
- Pro Plan £9/month
- Premium Plan Custom pricing
- Card Issue Free
- Foreign Exchange 1% fee
Overview
Soldo has revolutionized business expense management since 2015. Their platform combines prepaid business cards with comprehensive expense management tools, helping organizations control and track spending effectively.
Key Features
Expense Management
- Prepaid business cards
- Spending controls
- Receipt capture
- Expense tracking
- Policy enforcement
- Automated categorization
Business Tools
- Multi-user access
- Custom rules
- Spending analytics
- Reporting tools
- Budget management
- Cost allocation
Integration Features
- Accounting software
- ERP systems
- API access
- Custom exports
- Data synchronization
- Automated reconciliation
Financial Controls
- Spending limits
- Department budgets
- Approval workflows
- Real-time tracking
- Custom permissions
- Audit trails
Security Features
- Bank-level encryption
- Two-factor authentication
- Role-based access
- Transaction monitoring
- Fraud detection
- Compliance tools
Customer Support
- Dedicated manager
- Technical support
- Email assistance
- Help center
- Training resources
- Implementation support
Verdict
Soldo excels in providing comprehensive expense management solutions for businesses. Their combination of prepaid cards and automated expense management makes them particularly valuable for organizations looking to streamline their spending controls.
While the platform requires monthly fees and setup effort, the control and automation features often justify the investment. The main limitations are the business-only focus and complex implementation, but for companies seeking sophisticated expense management, Soldo offers an excellent solution.