Soldo: against COVID-19 Company
Entity: Soldo
Category: FinTech and Digital Economy
Description: Soldo is a multi-user expense account helping companies manage their budgets. Soldo integrates prepaid Mastercard® cards, a web-based administration console and a mobile app into one intuitive future-ready platform. Soldo was founded by a group of tech veterans and payment pioneers who refused to accept the inefficient and fragmented state of business spending in the 21st century. With decades of experience in payment services and transactional system development, the team didn’t just slap a brand on an ‘easy’ solution or quick-fix. Instead, they invested heavily in the creation - from scratch - of a world-class technological, regulatory and operational platform.
Project: Soldo's digital infrastructure to help distribute money
Summary: Soldo has repurposed its spend management tools to help local authorities in Italy with COVID-19 emergency response measures. As a result, local authorities in Milan are set to roll out an emergency aid package using the startup's digital infrastructure to help distribute money from the Italian government's €400 million solidarity fund.
+ Investors:
Connect Ventures
Battery Ventures
Accel
Silicon Valley Bank
