Soldo, a London-based FinTech, has ankled Germany’s Wirecard to power its Corporate Expense Prepaid Mastercard.
This solution is part of Soldo’s multi-user spending account for businesses which can now take advantage of multiple Mastercard cards for use by employees, collaborators or company departments alongside an intuitive app and a sophisticated Admin Dashboard that allows a high degree of control.
Soldo, which successfully launched its multi-user spending account for families last year, now brings the Corporate Expense prepaid Mastercard to the UK and Italian markets, targeting small to medium sized enterprises (SME), with the aim of making cash and expenditure management effortless and increasing company productivity as a result.
Soldo’s Corporate Expense program helps businesses manage their money better by giving more control over fund distribution across the company. Cardholders get notifications about spending in real time, enabling them to handle, manage and share money more efficiently. Soldo offers a safeguarding feature for all cards, allowing users to enable or disable online transactions, cash withdrawals, and oversea transactions with the single tap of an app.
The Soldo Corporate Expense Mastercard, is a general spend reloadable Mastercard product. The WDCS issued prepaid card will be linked to an account, which is operated under Soldo’s own e-money license.
The program is being rolled out in both GBP and EUR initially.