MH has advised Soldo on its $61 million Series B fundraising. Leading the round were Battery Ventures and Dawn Capital, with participation from previous backers Accel and Connect Ventures.
Soldo is a UK fintech that offers a multi-user spending account for businesses of all sizes – from SMEs to much larger enterprises – that need to deploy and manage expenses across an entire organisation. Soldo has offices in London, Rome, Milan and Dublin. Its Series B round will be used to further grow in the UK where it claims a “leadership position”, and in Italy and Ireland. The company also plans to enter new European markets and double its workforce over the next 12 months.