Banking start-up lands $11m (£8m) in Series A funding

Soldo, a London-based banking start-up, has raised an $11m (£8m) Series A funding round led by Accel, with participation from Connect Ventures, InReach Ventures, U-Start and R2014 Partners.

Founded in 2015 by Carlo Gualandri, Soldo offers an unlimited multi-user spending account for businesses and families, with multiple cards linked to the same account. The app costs £5 per month per user.

Businesses can move money around for free, set budgets and rules for employee and department spending, switch cards on and off, prevent withdrawals and transactions, and view real time balance and transaction data.

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