Soldo Review
Soldo is a UK and EU spend platform that pairs prepaid Mastercard company cards with budgets, approvals, receipt capture and accounting sync, built for organisations that hand spending power to many employees across sites and teams.
Independently scored, one dimension at a time. Every dimension is sourced, and we say whether a claim is published, reported, or estimated.
The UK pricing page publishes Standard at £27 and Plus at £39 a month plus VAT, extra users at £9 or £13, extra cards at £7 a month and transfers at £0.75, and a fee PDF lists FX, ATM and redemption fees (checked 27 September 2026). Unlimited is price on request and add-on prices are not published. The EU page shows two different per-user prices.
Standard and Plus are self-serve with a 30-day free trial, and the application review takes 1 to 2 working days (pricing page and help centre, checked 27 September 2026). Setup is a short sequence: deposit funds, add users and cards, set card rules, connect the ledger. The sandbox, tailored onboarding and Professional Services are reserved for Unlimited, and prepaid funding adds a treasury step that credit-card rivals skip.
Xero, QuickBooks, NetSuite and Business Central integrations import categories, tax rates and dimensions such as class, department and location, then export transactions; automatic export runs daily at 01:00 UTC on Plus and above (help centre, checked 27 September 2026). Exact Online and DATEV are also native. Sage Intacct connects only through a bank feed of settled transactions, and NetSuite and Dynamics 365 are paid add-ons on Plus.
Live chat runs Monday to Saturday 09:00 to 18:00 and email usually gets a reply within 1 working day (help centre, checked 27 September 2026). A named Customer Success Manager and tailored training come only with Unlimited. Trustpilot shows 4.5 from 1,946 reviews and Capterra 4.7 from 140 (reported), but recent one-star reviews cite slow account closures and frozen funds.
The security page lists PCI DSS Level 1 since 2017, ISO/IEC 27001 since 2019, ISO 9001, Cyber Essentials Plus and the UK G-Cloud 13 framework; no SOC 1 or SOC 2 report is listed (checked 27 September 2026). Card rules, pre-approved spend, Auto-Block for missing receipts and a 10-year digital receipt archive are strong for card spend. Expense policies and advanced approval workflows are Unlimited-only, and there is no PO matching beyond capturing a PO number from an invoice.
Soldo says 25,000+ organisations in 31 countries use it, the same figure it gave in its July 2021 Series C post, and Unlimited removes caps on wallets, users, cards and transfers (about and pricing pages, checked 27 September 2026). Wallets hold only GBP, EUR and USD, multi-entity works as separate linked accounts, and the published typical card limits are £1,500 a transaction and £10,000 a month before personalisation. It serves the UK and EU or EEA only.
Soldo issues prepaid physical, virtual, temporary, fuel and subscription Mastercard cards through its own FCA and Central Bank of Ireland regulated e-money firms, with Apple and Google Pay. There is no credit line and no cashback, card FX is the Mastercard rate plus 1.5 percent, and outbound transfers run only on Faster Payments and SEPA from the main wallet currency (fee summary and help centre, checked 27 September 2026).
OCR on Plus and Unlimited prefills VAT, matches emailed receipts and, since September 2025, fills invoice fields and splits multi-rate VAT (help centre and Q3 2025 update). Ask Soldo AI launched 1 July 2026 as an in-app help assistant but had no help-centre article when checked. There is no MCP server: the ReadMe docs MCP at developer.soldo.com/mcp returns 401 and is marked disabled, so agents need a custom build on the Business API.
Good prepaid card control for UK and EU field spend; no credit, no rebates, no MCP and no US sales.
Written by the Audit Friendly research team. No vendor edits, no sponsored placement.
You are buying prepaid Mastercard cards plus a control layer for spending that happens away from head office: site managers, care workers, production crews, fuel and online ads. Money sits in wallets you fund in advance, every card carries hard rules, and receipts get captured in the app and exported to Xero, QuickBooks, NetSuite, Business Central, Exact Online or DATEV. Soldo issues its own cards through e-money firms regulated by the FCA and the Central Bank of Ireland, and says 25,000+ organisations in 31 countries use it (checked 27 September 2026), the same figure it published in July 2021.
The catch is the prepaid model and the plan ladder. You tie up cash in advance, there is no credit line and no cashback, and card spend in another currency costs 1.5 percent over the Mastercard rate. Bank transfers run only on Faster Payments and SEPA. Expense policies, advanced approvals, the sandbox and a named account manager sit on the quote-only Unlimited plan, and NetSuite on Plus, Dynamics 365, SAP Concur, SSO and the API are add-ons with no published price. AI is thin next to Pleo and Spendesk, there is no MCP server, and Soldo serves only organisations registered in the UK or the EU and EEA, so a US entity cannot sign up (help centre, checked 27 September 2026).
Before signing, get in writing: the price of every add-on you need; the card limits after personalisation (the published default is £1,500 a transaction and £10,000 a month); whether leaving triggers the £20 redemption fee in the fee summary; the notice period and renewal terms on Unlimited; and whether Ask Soldo AI and the Business API are included in your plan.
- UK or EU organisations with many sites or field staff (care, construction, retail, media production) that need hard per-card limits and a wallet per team or site
- Finance teams replacing petty cash and personal-card claims who prefer prepaid control to credit and can fund wallets in advance
- SAP Concur customers who want approved Concur trips to unlock card funds and card transactions to sync to Concur daily (Unlimited add-on)
- US-incorporated companies: Soldo serves UK and EU or EEA customers, and sole traders cannot sign up
- Teams that want a credit line, cashback or a card programme that pays back part of its own cost
- Buyers who want Claude or another agent connected today: there is no MCP server, and API access needs a Plus add-on or Unlimited per the pricing page, or Unlimited only per the help centre (checked 27 September 2026)
The jobs a finance team actually hires Soldo for
Jobs, mapped to how finance teams actually buy.
Replace petty cash and personal cards for site and field teams
Each site manager, carer or crew lead gets a physical or virtual Mastercard with daily, weekly or per-transaction limits, merchant category blocks and country rules. Staff photograph receipts in the app at the point of spend. Funds come only from what finance loads, so overspend is capped by design.
Ring-fence budgets by team, project or location
Company wallets set money aside for a department, project or cost centre, and auto-transfer presets top cards up on a schedule or when balances run low (Unlimited). Budget owners see their own spend in real time. Finance keeps the main wallet and decides what moves out of it.
Enforce receipts before month-end
Auto-Block, launched 1 July 2026, locks a card when receipts or transaction details are missing and unlocks it when they arrive. Transactions that meet your export rules flow each night to Xero, QuickBooks, NetSuite, Sage Business Cloud, Exact Online or Dynamics 365. The vendor has not published results for Auto-Block yet.
Pay a supplier or reimburse an employee without leaving Soldo
Standard includes 20 outbound transfers a month and Plus 30. Out-of-pocket claims and mileage (Plus) can be reimbursed in bulk by bank transfer. Transfers go only in the main wallet currency and only within the UK or SEPA area.
Give online ads and SaaS subscriptions their own cards
Dedicated subscription and online ads cards keep recurring vendor charges off employee cards and tie them to one owner. Card rules can limit merchants and amounts. Soldo lists this card type on every plan.
Fund SAP Concur trips at approval
With Concur Travel Sync, an approved Concur travel request unlocks funds on the traveller's Soldo card; Concur Expense Sync pushes card transactions into Concur every day. Both launched as Unlimited add-ons on 1 July 2026 with no published price.
Watch the same task in each tool
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What it actually costs
Here's what it really costs: published rates where a vendor lists them, aggregated quote data where they don't, plus a path to your own number.
1 wallet, 3 users, 3 physical or virtual cards and up to 20 outbound bank transfers a month, with transfer access subject to eligibility for small organisations; receipt capture in the app and accounting connections. 30-day free trial.
3 company wallets, 3 users, 3 cards and up to 30 transfers a month; multi-currency wallets, OCR receipt matching, expense reports, mileage and automatic export to accounting. 30-day free trial.
Unlimited wallets, users, cards and transfers; expense policies, advanced approvals, sandbox, NetSuite, Customer Success Manager and Professional Services.
£9 a month on Standard and £13 on Plus per added user, approver or admin; each includes one free card. Minimum 3 users.
£7 a month per card beyond the included ones, plus a one-time setup fee of £5 physical or £1 virtual. The pricing page shows £0.50 for a temporary virtual card; the fee summary dated 4 October 2024 lists it at zero (checked 27 September 2026).
Faster Payments (UK) or SEPA (EU) transfers beyond the plan allowance.
Applied when a card is used in a currency other than its own, per the fee summary.
ATM withdrawals on a GBP card; EUR and USD cards carry the same rate with a 2 euro or 2 dollar minimum.
Fee summary charge for redemption via Faster Payments; SEPA and international redemption are 20 in the relevant currency.
NetSuite and Dynamics 365 on Plus, SAP Concur Travel and Expense Sync, SSO, Business API on Plus, CO2e tracker, HRIS integrations, Bank Transfer Access.
Listed at zero in the fee summary; closure takes effect on the 15th of the following month.
What it actually takes to go live
The help centre states Soldo cards are not credit cards and payments go through only when the linked wallet holds funds (checked 27 September 2026). No rebate or cashback programme appears on the pricing page or in the help centre. Card spend in another currency costs the Mastercard rate plus 1.5 percent under the fee summary dated 4 October 2024. Budget for the working capital parked in wallets.
Soldo's limits summary (version 1.2, dated 14 September 2021) lists typical point-of-sale limits of £1,500 per transaction and per day, £2,500 a week, £10,000 a month and £100,000 a year, and ATM limits of £200 per withdrawal. The document says limits may vary and can be personalised. Ask for your limits in writing if teams buy equipment, travel or ads in larger amounts.
The pricing page feature table (checked 27 September 2026) marks NetSuite and the Business API as add-ons on Plus and included on Unlimited, and Dynamics 365, SSO, SAP Concur, TravelPerk, payroll CSV and digital archiving as add-ons on both Plus and Unlimited. Expense policies, advanced approvals and the sandbox need Unlimited, which is price on request. The help centre lists the Business API for Unlimited only, which conflicts with the pricing page.
The bank transfers article says transfers support Faster Payments in GBP and SEPA in EUR, only in the currency of the main wallet, and that transfers outside these areas are not supported (checked 27 September 2026). A Faster Payment sent to the wrong account cannot be recalled. By default only Super admins can pay; delegating needs the Bank Transfer Access add-on on Unlimited.
The pricing page lists a Sage Intacct integration on every plan, but the help centre describes it as the Sage bank feed, which syncs settled transactions to Sage Business Cloud Accounting, Sage 50, Sage 200 and Sage Intacct (checked 27 September 2026). Xero, NetSuite and Business Central integrations import categories, tax codes and dimensions so staff code at the point of spend. Intacct users should test how coding reaches the GL before buying.
The help centre says a Super admin must email a closure request; the account is billed for the current month and closes on the 15th of the following month (checked 27 September 2026). The fee summary lists account cancellation at zero but redemption to your bank at £20. Recent one-star Trustpilot reviews from July and August 2026 describe slow closures and frozen funds (reported). Download statements first and confirm the exit fee in writing.
Scored on what an outside agent can actually reach: the documented API, how it authenticates, and whether the vendor ships an MCP server.
In the product, OCR on the Plus and Unlimited plans reads receipts to prefill the VAT rate, matches emailed receipts to card transactions and flags blurry or mismatched images, per the help centre (checked 27 September 2026). Since the Q3 2025 update (17 September 2025) it also fills invoice number, invoice date, PO number and supplier VAT number, and splits receipts that carry more than one VAT rate. The Summer 2026 launch (1 July 2026) added Ask Soldo AI, an in-app assistant that answers questions about using Soldo, and Snap & Submit, which prefills out-of-pocket claims and catches duplicates; the launch video also names AI-powered expense policies. Ask Soldo AI had no help-centre article when checked, so treat its scope as announced until documented.
Exists: no first-party MCP server was found. The developer portal at developer.soldo.com runs on ReadMe; its /mcp route answered an unauthenticated request with HTTP 401 and "Authorization required", and the portal's own page configuration marks the MCP server as disabled (checked 27 September 2026). The official MCP registry has no Soldo entry and GitHub search finds no Soldo MCP repository. An API Evangelist profile on GitHub publishes a derived 235-tool manifest that it says Soldo did not publish, and an n8n community node exists on npm; neither is first-party.
Scope: the Business API is the only agent surface. Its OpenAPI 3.1 spec (version 5.60.2) lists 236 operations over 137 paths, covering users and roles, cards and card rules, wallets and internal transfers, requests with approve and decline, expense reviews and policies, transactions with attachments, splits, tags and VAT rates, business trips and webhooks. The spec names the production server https://api.soldo.com and a sandbox at https://api-demo.soldocloud.net. Rate limits are 600 requests a minute and 20 a second.
Turnkey: no. A Super admin creates an application in the web app, generates a 2048-bit RSA key pair and picks view or edit scopes; every call uses OAuth 2.0 client credentials, and money movement, transaction access and account changes also need signed advanced authentication. The pricing page lists the Business API as an add-on on Plus and included on Unlimited, while the help centre lists it for Unlimited only. Anyone connecting Claude builds and hosts that connector themselves.
Issue a card with spend controls
Who wins for whom: A UK or EU organisation with field staff that wants prepaid cards with hard limits and receipt Auto-Block: Soldo. A UK or EU small business that wants merchant-locked vendor cards and approvals from £14 a user: Pleo. A French, German, Spanish or UK company that wants unlimited single-use, recurring and multi-use cards with top-ups routed through approval: Spendesk.
Soldo
Hard rules on prepaid cards. Prepaid Mastercard cards carry daily, weekly or per-transaction limits, merchant category blocks and country rules, Auto-Block locks a card until missing receipts arrive, and Soldo lists PCI DSS Level 1 and ISO 27001.
Where it loses: Expense policies and advanced approval workflows need the quote-only Unlimited plan, no SOC 1 or SOC 2 report is listed, and published typical limits cap a card at £1,500 a transaction.
- Compliance depth: 70/100
- Time to live: Days to 4 weeks (AF estimate)
Source: AF score rationale: Compliance depth 70; Soldo use cases and watch-outs.
Watch: Soldo How To: Card rules 2:15 · Official demo · Soldo on YouTube (official)
Pleo
Merchant-locked cards, approvals from Build. Mastercard physical and virtual cards come on every plan, vendor cards lock to one merchant, Build at £14 a user a month adds approval workflows and an internal controller role, and Scale adds advanced card controls.
Where it loses: The trust page names no SOC 1, SOC 2 or ISO 27001 report and offers reports only under NDA, and Start has no approval workflows.
- Compliance depth: 66/100
- Time to live: Days to 4 weeks (AF estimate)
Source: AF score rationale: Compliance depth 66; Pleo pricing tiers, use cases and watch-outs.
Watch: When it comes to company money, it's important to feel in control of your team's spending. 0:35 · Customer story · Pleo on YouTube (official)
Spendesk
Unlimited cards on its own licence. Foundations includes unlimited physical, single-use, recurring and multi-use Visa debit cards with budgets, card top-ups run through the approval flow, and cards in the EEA come from Spendesk's own ACPR-licensed payment institution.
Where it loses: The public security page names ISO 27001:2022 and no SOC 1 or SOC 2 report, and multi-condition approval workflows are a quoted add-on.
- Compliance depth: 79/100
- Time to live: 2 to 12 weeks (vendor plan)
Source: AF score rationale: Compliance depth 79; Spendesk pricing tiers, use cases and watch-outs.
Watch: AI DemoDay Summit 2025: Spendesk 13:21 · Official demo · CFO Connect on YouTube (Spendesk's own community)
Close the card statement into the GL
Who wins for whom: A UK or EU organisation on Xero, QuickBooks or Exact Online that wants card spend exported automatically each day at 01:00 UTC: Soldo. A UK or EU company on Business Central that wants dimensions and vendors synced both ways: Pleo. A European company on Sage 100, ACD or Pennylane that wants expenses and payments pushed to the ledger: Spendesk.
Soldo
Nightly export, Intacct by feed. Xero, QuickBooks, NetSuite and Business Central integrations import categories, tax rates and class, department and location dimensions, Exact Online and DATEV are also native, and automatic export runs daily at 01:00 UTC on Plus and above.
Where it loses: Sage Intacct connects only through a bank feed of settled transactions, and NetSuite and Dynamics 365 are add-ons on Plus with no published price.
- GL / ERP fit: 73/100
- Time to live: Days to 4 weeks (AF estimate)
Source: AF score rationale: GL / ERP fit 73; Soldo use cases and watch-outs.
Watch: Soldo Customer Heroes - NHBC 1:25 · Customer story · Soldo on YouTube (official)
Pleo
29 connectors, depth varies by ledger. Pleo lists 29 accounting systems: the NetSuite SuiteApp imports tag groups, accounts and VAT rates with scheduled exports, Business Central syncs dimensions and vendors both ways, and Xero pulls tracking categories.
Where it loses: QuickBooks is described only as one-click exports, FreeAgent, ADDISON, BMD, Netvisor and SIE use CSV templates, and multi-entity management starts on Scale at £249 a month.
- GL / ERP fit: 72/100
- Time to live: Days to 4 weeks (AF estimate)
Source: AF score rationale: GL / ERP fit 72; Pleo pricing tiers and watch-outs.
Watch: Pleo - Chift Customer Stories 2:44 · Customer story · Chift on YouTube (Pleo's integration vendor)
Spendesk
European ledgers, no Intacct or SAP. Native connectors to NetSuite, Business Central cloud, Xero, DATEV, Sage 100, Exact Online, Odoo, ACD and Pennylane pull accounts, tax codes, suppliers and dimensions and push expenses and payments back to the ledger.
Where it loses: No Sage Intacct or SAP connector is listed, NetSuite lacks SuiteTax and project support, Business Central takes draft-only purchase invoices, and ERP integrations are a quoted add-on.
- GL / ERP fit: 76/100
- Time to live: 2 to 12 weeks (vendor plan)
Source: AF score rationale: GL / ERP fit 76; Spendesk pricing tiers and watch-outs.
Watch: AI DemoDay Summit 2025: Spendesk 13:21 · Official demo · CFO Connect on YouTube (Spendesk's own community)
Soldo, kept current
Approved Concur travel requests unlock funds on Soldo cards, and Soldo transactions sync to Concur daily. Both are add-ons for Unlimited customers.
Nine features, including an in-app AI assistant, card blocking until receipts arrive, scheduled reports, OCR-prefilled claims with duplicate checks and Google Maps mileage validation. Reports on Autopilot is an add-on.
The Winter 2025 release launched Business Trips, a single workflow to request, approve and release funds for a trip, and described a daily API sync of cards and transactions to SAP Concur. Soldo first announced its SAP Concur partner certification on 17 September 2025.
Plus and Unlimited capture invoice number, date, PO number and supplier VAT number, auto-filled by OCR. The blog and help centre put multi-rate VAT splitting on Plus and Unlimited, but the pricing table shows it on Unlimited only. The same update announced SAP Concur partner certification and an API-based Concur integration.
Admins can let approved users send bank transfers under set rules, limits and approved payees. The help centre lists it as an add-on for the Unlimited plan.
Soldo FAQ
Soldo publishes its UK prices. Standard is £27 a month and Plus £39 a month plus VAT, each with 3 users and 3 cards; extra users cost £9 on Standard and £13 on Plus, each with a free card (checked 27 September 2026). A 10-person team on Standard pays about £90 a month; 25 people on Plus about £325; 50 people on Plus about £650 (Audit Friendly estimate, before VAT).
Usage fees sit on top: £5 per physical card and £1 per virtual card issued, £7 a month per card beyond the included ones, £0.75 per transfer beyond the allowance and 1.5 percent over the Mastercard rate on foreign-currency card spend. Larger teams that need expense policies, advanced approvals or NetSuite usually land on Unlimited, which is quote only.
Standard and Plus bill monthly in arrears, deducted from the main wallet, and the pricing FAQ says you can close at any time by email. The help centre says the account is billed for the current month and closes on the 15th of the following month; remaining funds return to your business bank account. The fee summary lists cancellation at zero but a £20 redemption fee, so confirm which applies.
Transactions export as XLSX, CSV or PDF, and receipts archived through Soldo are kept for up to 10 years. Download statements before closure, because access ends when the account closes. Unlimited contract length and renewal terms are not published; ask for them.
For Standard and Plus it is self-serve. You apply online, the legal representative and Super admins verify identity, and Soldo aims to review the application in 1 to 2 working days. Then you fund the main wallet, add users and cards, set card rules and connect the ledger; Soldo's home page says setup takes days.
NetSuite and Business Central need an ERP admin to prepare roles, bank accounts and journals first. Unlimited adds tailored onboarding, a sandbox, a Customer Success Manager and Professional Services for custom integrations. Audit Friendly estimates days for a small team and up to about 4 weeks for a multi-site rollout with an ERP.
Not out of the box. Soldo has no MCP server: the ReadMe docs MCP at developer.soldo.com/mcp returned 401 and is marked disabled in the portal configuration, and the official MCP registry has no Soldo entry (checked 27 September 2026).
The Business API is broad, with 236 operations covering cards, card rules, wallets, transfers between wallets, requests, expense reviews and transactions, against production at api.soldo.com and a sandbox at api-demo.soldocloud.net. A developer can wrap it for Claude, but it needs RSA-signed requests for sensitive calls, and the pricing page lists it as a Plus add-on or included on Unlimited while the help centre lists Unlimited only (checked 27 September 2026). The in-app Ask Soldo AI assistant, launched 1 July 2026, answers product questions inside Soldo.
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