Marriott Harrison advises Soldo on its $180m Series C fundraising

Thursday 22nd July, 2021

We are proud to have represented longstanding client and leading fintech Soldo on its $180 million Series C fundraising.

The round was led by Temasek with participation from Sunley House Capital (Advent International’s cross over fund), Citi Ventures, Accel, Battery Ventures and Dawn Capital. Silicon Valley Bank also provided debt financing, on which MH also advised.

Soldo provides a pay and spend automation platform allowing businesses to issue employees with prepaid company cards that are linked through to an automated expense management system, providing real-time visibility and cost control. The company has 25,000 customers across 31 countries, with the latest funding helping it to accelerate product development and market expansion across Europe.

Dynshaw Italia, CFO at Soldo, said of MH: “The team at Marriott Harrison have been excellent partners on Soldo’s Series C funding round. They are an extremely commercial team, led by David Strong with extensive global venture capital expertise alongside a solid understanding of the Fintech sector.  MH offers guidance across the full lifecycle of a fundraising round and this together with their in-depth knowledge and understanding of Soldo was critical in ensuring a smooth and successful process.”

The team at MH was led by David Strong and included Frances Spooner, Troy Featherstone, Kimberley Lam’s Descamps, Zoha Khalaj-Mehri, Chris Mooney, Katherine de Souza and Brett Israel.

More information can be found here.