Soldo

Overview

Soldo is a London-headquartered, Italian-founded spend management platform that combines prepaid Mastercard cards, departmental wallets, automated receipt capture, and accounting integrations. Soldo's Irish customers are served by Soldo Financial Services Ireland Designated Activity Company (Companies Registration Office number 610705), an e-money institution authorised and regulated by the Central Bank of Ireland under reference number C179925, with registered office at P.O. Box 559, Dublin 1. The Dublin entity holds the SWIFT BIC SFSDIE22 and issues IE-prefix IBANs to its Irish business wallets, which is unusual in this category - Pleo's wallets carry Danish IBANs, Spendesk issues French IBANs, and Payhawk issues Bulgarian IBANs. For an Irish finance lead reconciling a Single Euro Payments Area (SEPA) top-up against an AIB or Bank of Ireland statement, an IE IBAN counterparty is one less line of mental friction. Soldo's published EUR pricing for European customers in 2026 is approximately €21/month plus VAT for the Standard plan (1 wallet, 3 users, 3 cards, up to 20 outbound bank transfers per month) and approximately €33/month plus VAT for the Plus plan (3 wallets, 3 users, 3 cards, OCR receipt capture, multi-currency wallets, up to 30 outbound bank transfers per month). The Unlimited tier is quote-based for businesses needing unlimited wallets, users and cards. A 30-day free trial is available on the Standard and Plus tiers. Card issuance, ATM withdrawals, FX, and outbound transfers above plan allowance are charged separately under the published Soldo Financial Services EU Fee Summary. Soldo integrates with Xero (daily automatic bank feed), QuickBooks Online, Sage Intacct, NetSuite, Microsoft Dynamics 365, Exact Online, DATEV, SAP Concur, and TravelPerk - covering the accounting stack most Irish SMEs from 10 to 500 staff are running in 2026. The platform's spend control surface is the strongest differentiator versus a generic business debit card: per-user budget limits, merchant category restrictions, time-based rules, and approval workflows at issue time, rather than retrospective receipt-chasing. Soldo's data residency is EU; receipt images stored in Soldo satisfy Revenue's six-year retention requirement under Section 886 of the Taxes Consolidation Act 1997, in line with Revenue eBrief 09/15 which permits clear, unaltered electronic image storage in place of paper originals. Soldo is not a current account replacement, does not offer overdrafts or business lending, and does not participate in any deposit guarantee scheme - Soldo Financial Services Ireland DAC is required under EU e-money regulation to safeguard customer funds in segregated accounts at credit institutions, but those funds are not deposit-insured. Multi-currency FX is functional for occasional spend but materially less competitive than Wise Business or Revolut Business for businesses paying suppliers regularly outside the eurozone.

Compliance reference

Compliance vocabulary for Soldo

Irish terms that shape how this software is bought, configured, and audited.

• AML (Anti-Money Laundering) aka anti-money laundering, AML compliance, CTF, anti-money laundering and counter-terrorist financing

  The legal and procedural framework that banks and electronic money institutions must operate under to detect and prevent money laundering and terrorist financing. AML compliance is a condition of holding a banking or e-money licence from the Central Bank of Ireland.

• Central Bank of Ireland (CBI) aka CBI, An Banc Ceannais na hEireann, Central Bank

  Ireland's financial regulator and gatekeeper for banks, payment firms, e-money issuers, MiFID investment firms and insurance providers. Maintains the public CBI register and operates the Fitness and Probity regime for senior staff at regulated firms.

• Electronic Money Institution (EMI) aka EMI, e-money institution, e-money issuer

  A specific Central Bank of Ireland authorisation that permits a firm to issue electronic money (prepaid balances, e-wallets, cards) and provide payment services. EMIs cannot take deposits and customer funds are safeguarded, not insured.

• Expense reconciliation aka expense matching, spend reconciliation

  The process of matching employee or company card spend against receipts, bank statements, and accounting entries to confirm that all business expenditure is properly categorised, approved, and recorded before a VAT return or audit.

• Fintech aka financial technology, fin-tech, FinTech

  Software and platforms that deliver financial services - banking, payments, lending, insurance, wealth - through technology rather than branch-based incumbents. In Ireland, fintech firms are regulated by the Central Bank of Ireland.

• KYB (Know Your Business) aka KYB check, business verification, corporate due diligence

  Identity and beneficial ownership checks that banks and e-money institutions must complete before onboarding a business. Irish SMEs encounter KYB when opening a Revolut Business or Wise account - CRO registration, directors, and UBO are verified.

• Merchant Category Code aka MCC, MCC code, card category code

  A four-digit code assigned by Mastercard and Visa to every merchant based on the type of goods or services they sell. Spend management platforms use MCC codes to auto-categorise card transactions and enforce per-category budget controls before purchase.

• Open Banking (PSD2) aka Open Banking Ireland, PSD2, Account Information Services

  EU regulatory framework that lets authorised third parties access bank account data (AIS) and initiate payments (PIS) on the customer's behalf. The basis for live bank feeds and payment-initiation tools.

• PSD2 SCA exemption (B2B / secure corporate payment processes) aka secure corporate payment processes exemption, Article 17 SCA exemption, corporate card SCA exemption, RTS Article 17 exemption

  Article 17 of Commission Delegated Regulation (EU) 2018/389 (the PSD2 SCA RTS) exempts dedicated corporate payment processes from per-transaction Strong Customer Authentication, where the payer is a business and not a consumer.

• Receipt capture (OCR) aka OCR receipt capture, receipt scanning software, receipt automation

  Software that ingests a photographed, emailed or scanned receipt and uses optical character recognition to extract structured fields - supplier, date, net, VAT rate, VAT amount, currency - so the receipt can be posted to accounting software without manual keying.

• Receipt-to-VAT stack aka receipt-to-VAT pipeline, spend-to-VAT-reclaim stack, expense-to-VAT stack

  Vendors.ie term for the integrated four-layer workflow that moves an Irish SME from a business spend transaction to a Revenue-compliant VAT reclaim line without manual data entry: card or bank feed, receipt capture, VAT extraction, and accounting integration.

• Virtual card aka virtual debit card, digital card, single-use card

  A card number, expiry date, and CVV issued digitally without a physical card. Spend management platforms issue virtual cards per employee or per vendor to enforce budget controls without waiting for a physical card.

See the full Irish compliance glossary →

Pros and Cons

Best For