Marriott Harrison advised Soldo on the deal.
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.
The team at MH was led by David Strong (Picture) and included Frances Spooner, Troy Featherstone, Kimberley Lam’s Descamps, Zoha Khalaj-Mehri, Chris Mooney, Katherine de Souza and Brett Israel.
Involved fees earner: Katherine de Souza – Marriott Harrison; Troy Featherstone – Marriott Harrison; Brett Israel – Marriott Harrison; Chris Mooney – Marriott Harrison; Frances Spooner – Marriott Harrison; David Strong – Marriott Harrison;
Law Firms: Marriott Harrison;