London fintech Soldo launches multi-user expense account for companies
Soldo, the London-based fintech startup based by way of Carlo Gualandri, who up to now helped create Italy’s first on-line financial institution, is rolling out a brand new product within the U.Ok. nowadays aimed toward companies who wish to deploy and set up bills throughout a whole corporate.
Similar to Soldo’s authentic providing, a multi-user spending account aimed toward households, Soldo Business shall we corporations “delegate, control and track” departmental and worker spending in real-time.
It combines a Soldo account, central dashboard, apps for iOS and Android, and digital wallets or bodily ‘pre-paid’ playing cards that may be passed out to staff, departments or even exterior experts or contractors.
The latter, after all, is made imaginable by way of the granular spending controls which are on the center of Soldo’s tech stack. This permits for various expense standards for every worker, contractor or spending division, with permissions set and all spending trackable centrally.
For instance, money limits can also be set and corporations can select to dam on-line bills, cashpoint withdrawals and overseas transactions.
In addition, the Soldo Business cellular app shall we customers upload transaction data and footage of receipts, whilst the entire device integrates with usually used trade accounting applications.
On competition, Gualandri had this to mention: “We continue to see ourselves as a companion to a traditional bank account (which is needed anyway for a company of a certain size) rather than a replacement like Tide, and one important difference with the others is that we are launching a fully functioning product that companies can start using right away”.