London fintech Soldo scoops up $61m in funding

London-based business banking fintech firm Soldo has today closed a $61m (£48.7m) series B funding round, led by Battery Ventures.

Battery joined the round as a new investor alongside Dawn Capital, and existing investors Accel and Connect Ventures. The venture capital firms have previously backed the likes of iZettle, Facebook and Slack.

Soldo, which provides businesses with a dedicated spending account to streamline expense management, has now raised a total of $82m. The funding will be used to scale into new European markets, and double its workforce in the next year.

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