Soldo
6.6/10Soldo is a spend management platform built on prepaid Mastercard company cards, for UK and European businesses that need to control decentralised employee spending and capture expenses.
Data last updated November 2026 · Our methodology
Overview
Soldo is a London-based spend management platform founded in 2015. It issues prepaid physical and virtual Mastercard company cards from wallets that the company tops up. Admins set limits and rules for each card or team, employees photograph receipts in the mobile app, and transactions sync to accounting software. Soldo is regulated as an electronic money institution by the UK's Financial Conduct Authority and, through its Irish entity, by the Central Bank of Ireland. It suits organisations with many small, scattered purchases, such as field teams, fuel, travel or marketing spend, that want each employee or team to have their own card. Pricing is a flat monthly plan fee plus VAT. Standard costs £27 a month and Plus £39 a month. Both include 3 users and 3 cards and come with a 30-day free trial. Unlimited is quoted on request. Card issuance, cash withdrawals, foreign exchange and bank transfers beyond the plan allowance cost extra, so the plan price is not the whole cost. Plus adds team wallets, multi-currency spending, OCR receipt reading and Amazon Business. Unlimited adds custom approval workflows, delegated transfers and SAP Concur. Integrations cover Xero, QuickBooks, Sage, DATEV, Exact Online, NetSuite, Microsoft Dynamics 365, Odoo, HR systems such as HiBob, Personio and Workday, SSO providers, and a Business API with a sandbox. The main limitation is that Soldo cards are prepaid only, with no credit line. Reviewers also cite fairly basic approval workflows and reporting on the lower plans, and some report sudden account blocks. It is not a general ledger, so companies still need separate accounting software and usually a business bank account.
Our Rating
Who Soldo is best for
Best software for Mid-MarketGood fit
- Field Teams8/10
Soldo sells fuel and expense cards for each employee, with receipt capture in the mobile app, for spending done away from the office.
The Unlimited plan, ERP and HR integrations, and Professional Services are aimed at larger organisations with many cardholders.
Finance teams get central spend controls, an accountant role and accounting syncs, but reviewers find approvals and reporting limited.
Low flat monthly plans with 3 users and 3 cards fit small teams, but extra cards and transactions carry their own fees.
Less suited
- Marketing Teams6/10
Virtual cards with budgets suit online advertising and subscription spend, though the prepaid model means wallets must be topped up first.
Pros & Cons
Pros
- Admins can set spending limits for each card, wallet or team and lock a misplaced card at once, which suits companies with many small, decentralised purchases.
- Security credentials are well documented: PCI DSS Level 1 since 2017, ISO 27001 since 2019, Cyber Essentials Plus, and electronic money licences from the FCA and the Central Bank of Ireland.
- The integration list is broad. It covers Xero, QuickBooks, Sage, DATEV, NetSuite, Dynamics 365 and Odoo, HR systems such as HiBob and Workday, SSO providers, and a Business API with a sandbox.
- Entry plans have published prices (£27 and £39 a month) and a 30-day free trial, which many spend management rivals do not offer.
- Out-of-pocket expenses and mileage claims go through the same expense review flow as card transactions, and payouts are made with the Pay someone feature.
- Review scores are solidly positive, around 4.5 out of 5 on G2 and 4.7 on Capterra, with ease of use and expense tracking praised most often.
Cons
- Cards are prepaid only. There is no credit line, and wallets must be topped up before employees can spend. Some merchants do not accept prepaid cards.
- Many charges sit on top of the plan fee: £5 per physical card, £1 per virtual card, a 1% UK ATM fee with a £2 minimum, an FX markup reported at 1% to 1.5%, and £20 international transfers.
- Standard and Plus are capped at 3 users and 3 cards, and custom approval workflows and SAP Concur require the quote-only Unlimited plan.
- Reviewers repeatedly report sudden account blocks or freezes, difficulty getting at funds, and slow or unclear communication from support.
- Reviewers say the reporting is too limited for advanced financial analysis, and approval workflows are the most-cited weakness on G2.
- Funds are e-money and are not protected by the UK's FSCS deposit guarantee, so most firms still need a separate business bank account.
Key Features
Soldo Pricing
Standard
- 3 users
- 1 company wallet
- 30-day free trial
- Price excludes VAT
- Apple Pay and Google Pay
- User permissions and roles
- 3 physical or virtual cards
- Support during business hours
- Accounting software connection
- Receipt capture in the mobile app
- Up to 20 outbound bank transfers per month
Plus
- 3 cards
- 3 users
- Team wallets
- 3 company wallets
- 30-day free trial
- Price excludes VAT
- Template data export
- Everything in Standard
- OCR receipt automation
- Multi-currency spending
- Additional setup support
- Amazon Business integration
- Up to 30 outbound bank transfers per month
Unlimited
- Price on request
- Everything in Plus
- SAP Concur integration
- Delegated bank transfers
- Custom approval workflows
- More than 100 integrations
- Role-based access at scale
- Help setting up integrations
- Automated expense categorisation
- Unlimited outbound bank transfers
- Unlimited users, wallets and cards
- Customer Success and Professional Services
Frequently Asked Questions
The Standard and Plus plans come with a 30-day free trial. There is no free plan. For the Unlimited plan you book a demo and get a quote.
Finder's September 2026 review lists £5 per physical card, £1 per virtual card, 1% on UK ATM withdrawals with a £2 minimum, an FX markup reported at 1% to 1.5%, 75p per UK transfer beyond the plan allowance, and £20 per international transfer. Soldo's pricing page says card issuance, cash withdrawals and similar services carry extra fees, which are set out in its fee schedule.
No. Soldo issues prepaid Mastercard cards that draw on wallets the company tops up. Competitor comparisons note that Soldo offers no credit option.
Soldo lists Xero, Sage Accounting, QuickBooks, DATEV, Exact Online, FreshBooks, NetSuite, Zoho Invoice, Microsoft Dynamics 365, Oracle E-Business Suite, Certinia and Odoo. It also offers a Business API with a sandbox, and its Professional Services team can build custom integrations.
Soldo Software Ltd has been certified PCI DSS Level 1 since 2017. The group has held ISO 27001 since 2019 and has Cyber Essentials Plus. The UK entity is an electronic money institution authorised by the FCA, and the Irish entity is regulated by the Central Bank of Ireland. Funds are not protected by the FSCS.
Yes. Soldo has an accountant role that can view and enrich expenses, categorise and split transactions, download reports and expense claims, and access reporting, configuration and accounting integrations.
Yes. Employees can submit out-of-pocket expenses and mileage claims, which go into expense review. Admins set the mileage rates, and reimbursements are paid with the Pay someone feature. Which plans include mileage is reported inconsistently, so check with Soldo.
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Ranked near Soldo in Finance Software
See Soldo in the listSoldo is #12 in Finance Software by our score.
