London-based fintech startup Soldo has integrated with Starling Bank API to enable business users automate sending money and receiving payments.
Soldo empowers enterprises to delegate, control and track departmental and employee spending in real time by combining a Soldo account, central dashboard, apps for iOS and Android and virtual wallets or customisable prepaid cards.
Soldo also allows users to limit company spending, add transaction information and photos of receipts.
Following the integration, Soldo will have its own sort code and account number.
Soldo believes that the integration with Starling Bank will further open new avenues for its technology.
Soldo founder and CEO Carlo Gualandri said: “Over the last four years, Soldo has invested to create a full-stack, regulated, scalable, and secure spending platform with control at its core.
“We remain determined to be at the cutting edge of the payments infrastructure and our integration with Starling Bank demonstrates the value of joining centres of excellence within the Fintech sector. Businesses using Soldo can now invest even more time making strategic decisions instead of wasting time on manual cash flow management.”
Starling Bank COO Julian Sawyer said “Soldo had already achieved an incredible feat by innovating the way in which businesses can efficiently manage their cash flow and with the integration of our payments technology they have raised their value proposition to another level.
“Starling Bank was the first challenger bank to join the UK’s Faster Payments Scheme (FPS) directly providing real-time access via APIs. We are delighted that Soldo has become one of our customers of Starling Payment Services.”