Home Banking Soldo secures $180m Collection C funding spherical – FinTech Futures

Soldo secures $180m Collection C funding spherical – FinTech Futures

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London-based fintech Soldo has raised $180m in a Collection C funding spherical led by Singapore funding agency Temasek.

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Soldo has now raised round $260 million in whole

Soldo, an automatic expense administration platform for companies, claims the spherical is a European report for the spend administration class.

The Collection C included new traders Sunley Home Capital, Creation Worldwide’s crossover fund and Citi Ventures.

Present traders Accel, Battery Ventures and Daybreak Capital additionally participated, with Silicon Valley Financial institution offering debt financing.

Soldo’s final funding spherical was a $61 million Collection B in July 2019. It has now raised round $260 million in whole.

The fintech says the funds might be used to speed up worldwide growth and product growth.

The corporate’s platform gives multi-user expense accounts linked with pay as you go Mastercard firm playing cards to assist companies handle their spend.

Based in 2016, the agency claims to serve greater than 26,000 clients in additional than 30 international locations, together with Mercedes Benz, GetYourGuide and Gymshark.

Soldo president Mariano Dima says the agency goals to make companies “extra conscious of all prices” to assist them have the ability to “actually management their spending”.

The corporate will now look to deal with new markets together with Benelux, France and Germany.

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