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Soldo closes $180 million Series C
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Soldo, the leading European pay and spend automation fintech closes record $180m Series C funding round led by Temasek
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- The investment round is the largest to date in the spend management category
- The Series C funding will be used to accelerate international expansion and product development
LONDON, July 21, 2021 /PRNewswire/ Soldo, the leading European pay and spend automation platform, today announces that it has closed a $180m oversubscribed Series C funding round, a European record for the spend management category.
The fundraise was led by Temasek, a leading global investor headquartered in Singapore.
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