Soldo, the leading European pay and spend automation fintech closes record $180m Series C funding round led by Temasek
Summary
The company operates in a large and fast-growing market, and we are thrilled to partner with its outstanding management team as they seek to build Europes leading pay and spend automation platform." Soldos spend management platform, built over the last five years, is based on a fully owned technology stack, supported by regulated financial services and payments infrastructure. Mariano Dima, Soldo President said: "We know senior finance employees and CFOs currently spend more than half of their time on cumbersome tasks, and the biggest reason for this is due to disconnected payment systems and manual, time-consuming processes. Soldo closed $61 million in Series B funding in July 2019 and has since significantly increased the size of its business with more than 200 employees across offices in London, Dublin, Rome, and Milan. Headquartered in the UK, with additional offices in Dublin, Milan, and Rome, Soldo empowers customers including Mercedes Benz, GetYourGuide, Gymshark, Bauli, and Brooks Running to spend company money on travel and entertainment, advertising, purchases, software subscriptions, e-commerce, and more.
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