Software Comparison
Revolut Business vs Soldo - Irish fintech Software Compared
Choosing between Revolut Business and Soldo is one of the most common decisions Irish businesses face when evaluating fintech software. This comparison breaks down everything an Irish SME needs to know, from Revenue integration and GDPR data residency to pricing and ease of use.
Last checked: 08 Jun 2026 data estimated for at least one vendor - confirm with the vendor Methodology
Quick Verdict
Revolut Business wins for Irish sole traders, freelancers, and SMEs up to around 20 staff that need a primary day-to-day business account with Irish IBAN issuance, SEPA Instant transfers, multi-currency wallets, and tight integrations with Xero, QuickBooks, and Sage.
Revolut Business vs Soldo - Feature Comparison
| Feature | Revolut Business | Soldo |
|---|---|---|
| Account Type | Credit institution (bank). Functions as a primary business current account with Irish IBAN, physical and virtual debit cards, SEPA and SEPA Instant transfers. | E-money institution. Prepaid Mastercard wallet and spend management layer. Must sit alongside an existing primary bank account. No overdraft or business lending. |
| Irish IBAN Issuance | IE-prefix IBANs issued via Revolut Bank UAB Irish branch, directly authorised by the Central Bank of Ireland (C494274). | IE-prefix IBANs issued via Soldo Financial Services Ireland DAC, directly authorised by the Central Bank of Ireland (C179925, e-money institution). |
| SEPA Payments | SEPA Credit Transfer and SEPA Instant Credit Transfer (SCT Inst) supported. SEPA Direct Debit supported. | SEPA Credit Transfer and SEPA Direct Debit supported for euro top-ups and outbound transfers. SEPA Instant not listed. |
| Spend Controls and Expense Management | Physical and virtual debit cards with standard card controls. No departmental wallet structure or merchant category restriction rules. | Departmental wallets, per-card budget limits, merchant category restrictions, time-based rules, and approval workflows at point of card issue. OCR receipt capture with Irish multi-rate VAT detection (23%, 13.5%, 9%) on Plus tier and above. |
| Accounting Integrations and Irish Bank Feeds | Direct bank feeds to Xero, QuickBooks Online, and Sage. Native API integrations with major Irish accounting platforms. | Integrations with Xero, QuickBooks Online, Sage Intacct, NetSuite, Microsoft Dynamics 365, Exact Online, DATEV, SAP Concur, and TravelPerk. No native bank feed into AIB, Bank of Ireland, or Permanent TSB. Reconciliation runs through the accounting integration. |
| Deposit Protection and Fund Safeguarding | Deposits up to EUR 100,000 covered by the Lithuanian Deposit Insurance scheme. | Customer funds safeguarded in segregated accounts at credit institutions under EU e-money regulation. No deposit insurance applies. |
| Irish Support and Revenue or PAYE Integration | Irish customer support available. No native Revenue Online Service integration and no PAYE Modernisation handling. | Support operated from London and Milan via email and in-app chat during European business hours. No dedicated Dublin support desk. No Revenue Online Service integration and no PAYE Modernisation handling. |
Irish Compliance and Pricing Matrix
A side-by-side data comparison of pricing and Irish regulatory compliance for Revolut Business and Soldo. Values are derived from each vendor's published data and verified weekly.
| Requirement | Revolut Business | Soldo |
|---|---|---|
| Pricing | ||
| Starting price | From €10/month | From €21/month |
| Pricing model | Monthly flat rate | Monthly flat rate |
| EUR pricing guaranteed | ✓ | ✗ |
| Free trial | ✓ | ✗ |
| Irish Compliance | ||
| Revenue (ROS) integration | ✗ | ✗ |
| PAYE Modernisation | ✗ | ✗ |
| Irish bank feeds | ✓ | ✗ |
| Bank compatibility | SEPA Credit Transfer, SEPA Instant | None listed |
| SEPA direct debit | ✓ | ✓ |
| Irish IBAN support | ✓ | ✓ |
| VAT handling | ✗ | ✓ |
| EU data residency (GDPR) | EU only | EU only |
| Irish support | ✓ | ✗ |
| Revenue-approved | ✗ | ✗ |
| CBI regulated | ✓ | ✓ |
Pricing notes
Revolut Business: Basic from €10/month, Grow from €30/month, Scale from €90/month (verified on revolut.com/en-IE 2026-06-10). No free tier on current plans. - Source
Irish Compliance Comparison
For Irish businesses, compliance with Revenue, GDPR, and local banking standards is non-negotiable. Here is how Revolut Business and Soldo compare on the requirements that matter most to Irish SMEs.
Revenue Integration
Neither Revolut Business nor Soldo offers native Revenue Online Service integration. Irish businesses in fintech may not need this feature directly, but should ensure their accounting software handles Revenue compliance separately.
Irish Bank Feeds
Revolut Business supports SEPA Credit Transfer, SEPA Instant. Soldo supports no Irish banks directly. Revolut Business has broader Irish bank compatibility, which matters if you bank with SEPA Credit Transfer or SEPA Instant - you will get automatic bank feeds or SEPA payment file support that Soldo cannot offer.
GDPR Data Residency
Both Revolut Business and Soldo store data in EU data centres, providing strong GDPR compliance out of the box. Irish businesses can use either platform without worrying about cross-border data transfers to the US or other non-EU jurisdictions.
SEPA and IBAN Support
Both Revolut Business and Soldo support SEPA Direct Debit and Irish IBAN format. This means you can process euro payments, set up direct debits, and handle bank transfers in the standard European format without any manual workarounds.
VAT Handling
Soldo includes Irish VAT handling for return preparation and submission. Revolut Business does not handle VAT natively - Irish businesses using Revolut Business will need their accounting software to manage VAT obligations separately.
Pricing Comparison
All prices below are in euro. Pricing can change - we verify vendor pricing weekly, but always confirm on the vendor's website before purchasing.
Revolut Business
€10 /mo
- Pricing model: Flat rate
- Free trial: Yes
- EUR pricing guaranteed: Yes
Soldo
€21 /mo
- Pricing model: Flat rate
- Free trial: No
- EUR pricing guaranteed: No - may fluctuate with exchange rates
At entry level, Revolut Business is the more affordable option. However, total cost of ownership depends on the number of users, add-ons, and features your business requires. Always calculate the full annual cost for your team size before committing.
Who Should Choose Revolut Business
Revolut Business is the better fit if your business matches one or more of these profiles:
- ✓ Budget-conscious businesses - Revolut Business from €10/month
- ✓ Companies that value Irish-based phone and email support
- ✓ Businesses banking with SEPA Credit Transfer, SEPA Instant who want reliable bank feed or payment file support
- ✓ Those who prioritise user satisfaction - Revolut Business has a higher editorial rating (4.3/5)
Who Should Choose Soldo
Soldo is the better fit if your business matches one or more of these profiles:
- ✓ Those who value: soldo financial services ireland dac is directly authorised by the central bank of ireland (e-money institution c179925), not passporting in from another eu state.
- ✓ Those who value: issues ie-prefix ibans via the irish dac, which removes friction for revenue, payroll, and sepa direct debit creditor setups versus pleo (dk), spendesk (fr) and payhawk (bg).
- ✓ Those who value: departmental wallet structure suits irish smes with multiple cardholders, project-based spend, or per-vehicle and per-till spend in retail and hospitality.
Our Verdict
Revolut Business wins for Irish sole traders, freelancers, and SMEs up to around 20 staff that need a primary day-to-day business account with Irish IBAN issuance, SEPA Instant transfers, multi-currency wallets, and tight integrations with Xero, QuickBooks, and Sage. The decisive advantage for most Irish SMEs is that Revolut functions as a full current account substitute with fast online onboarding, low FX fees, and a free trial, whereas Soldo is a spend management overlay that must sit on top of an existing bank account. Soldo wins for Irish businesses in the 20 to 500 staff range that already have a main bank account and need departmental prepaid wallets, per-card budget controls, merchant category restrictions, and OCR receipt capture with Irish multi-rate VAT detection at 23 percent, 13.5 percent, and 9 percent.
The sharpest Irish-specific differentiator is regulatory structure: both vendors are directly authorised by the Central Bank of Ireland and issue IE-prefix IBANs, which is a genuine procedural advantage over passport-in competitors, but Revolut is authorised as a credit institution and Soldo as an e-money institution, meaning Revolut deposits up to EUR 100,000 are covered by the Lithuanian Deposit Insurance scheme while Soldo customer funds are safeguarded in segregated accounts but carry no deposit insurance. Neither vendor offers native Revenue Online Service integration, PAYE Modernisation handling, or overdraft and business lending facilities.
Ultimately, the best choice depends on your specific business needs, team size, and priorities. We recommend taking advantage of free trials from both vendors before making your final decision. If you are working with an Irish accountant or payroll bureau, ask which platform they prefer - their familiarity with the software can save you significant time and hassle during setup and ongoing support.
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