Compare Revolut and Soldo

How do Revolut and Soldo compare?

Revolut and Soldo are two mobile banks that offer financial services to businesses and their employees. While both platforms offer digital banking services, they differ in terms of their target audience, fees, and features.

Revolut Business is a UK-based digital banking platform that offers businesses a range of financial services, including multi-currency accounts, business debit cards, and expense management tools. Revolut Business allows employees to easily manage their expenses, with real-time notifications and automatic categorization of expenses. Revolut Business offers different plans, with varying fees and features, including team management, integration with accounting software, and international money transfers.

Soldo, on the other hand, is a UK-based prepaid card and expense management platform for businesses. Soldo offers prepaid Mastercard cards, which can be assigned to individual employees and have customizable spending limits. Soldo also offers a web-based dashboard for expense management, which allows businesses to track and categorize expenses in real-time. Soldo offers different plans, with varying fees and features, including integration with accounting software, multi-currency cards, and advanced analytics.

In terms of fees, Soldo charges a monthly fee per card, while Revolut Business charges a monthly fee for premium plans, with some free features available. Soldo also charges transaction fees for certain activities, while Revolut Business charges for certain services, such as international money transfers.

Overall, both Revolut Business and Soldo offer innovative and convenient digital banking solutions for businesses. Revolut Business may be a better choice for businesses that need a broader range of financial services, including international money transfers and cryptocurrency trading, while Soldo may be a good option for businesses that want a simple and customizable expense management system with prepaid cards.