Fintech Startup Soldo Raises $11 Million

Soldo announced it has secured $11 million in Series A financing. Four investors contributed to the round: Accel Partners, Connect Ventures, InReach Ventures, and U-Start.

Soldo Business is a multi-user spending account, complete with Mastercard cards, intuitive administration and effortless reporting, that provides the most effective way to manage the flow of money inside organizations. Soldo was created by entrepreneurs and banking experts united by the goal of finding a simple and powerful way to delegate, control, and track expenses among multiple users. Soldo’s founder and CEO is Carlo Gualandri, an Italian technology entrepreneur whose companies have broken new ground in the world of media (Virgilio), banking (Fineco), and gaming (Gioco Digitale).

According to the company, the Series A funding will be used to strengthen Soldo’s technology and to support growth, as the company expands beyond the UK and Italy and launches elsewhere in Europe.