Soldo business credit card: what it is, what it costs and how it compares

Soldo is a leading provider of spend management solutions but Soldo doesn't issue a credit card. They do offer Soldo prepaid and debit Mastercard company cards which sit on top of a spend management platform, which means the money on the card is money your business has already loaded. That means no credit line, no interest and no cashback.

If you want software that controls who spends what, Soldo is built for that. If you want a genuine business credit card that gives you breathing room on payment and pays you back on what you spend, something like the Funding Circle Cashback business credit card could help you get more from your money. 

If you’re weighing up what kind of spending support your business needs, this guide covers what Soldo offers, what it costs, where the Funding Circle Cashback business credit card fits, and the questions worth asking before you commit to either.

All Soldo product details below are taken from Soldo's UK pricing page and its published UK fee summary, correct as of August 2026. Pricing, fees and features can change and vary by plan, so it's worth confirming the latest details directly with Soldo before you sign up.

Is Soldo a business credit card?

No. Soldo is a what’s called spend management platform, with cards attached. It’s a place to track, manage and streamline spending in your business. The ability to issue Mastercard cards to employees, teams and contractors, with rules set by whoever runs the account, is part of that capability.

Because there's no credit involved, a few things follow:

• You can only spend money you've loaded onto the account.

• Your business credit profile isn't part of the sign-up, and you aren't taking on debt.

• There's no interest-free period, because there's nothing to be charged interest on.

• There's no cashback on spending.

It’s also not a business bank account. Instead, it's designed to sit alongside your existing banking rather than replace it.

What cards does Soldo offer?

Soldo's card range is organised around how the money gets used rather than around rewards, helping you manage spending across different needs. 

Across its plans you can issue:

• Single-user employee cards: A named card for one person, with its own rules and limits.

• Multi-user company cards: A shared card for a team, department or site.

• Temporary virtual cards: Created for a specific purchase, then retired.

• Fuel cards: For vehicle and mileage spend, with fuel-specific reconciliation available as an add-on on the top plan.

• Subscriptions and online ads cards: Dedicated cards for recurring digital spend, which keeps software renewals and ad platforms out of your main account.

Soldo plans and pricing

Soldo has three plans. Each starts with 3 users and 3 cards, and you add more as you need them.

• Standard, £21 a month plus VAT: One wallet, 3 users, 3 physical or virtual cards, and up to 20 outbound bank transfers a month. You get user permissions, receipt capture in the mobile app, accounting software connections and support during business hours.

• Plus, £33 a month plus VAT: Three company wallets, 3 users, 3 cards, and up to 30 outbound bank transfers a month. It adds multi-currency wallets, automated receipt capture using OCR, expense reporting, mileage reimbursement and an Amazon Business integration.

• Unlimited, price on request: Unlimited wallets, users, cards and transfers, with custom approval workflows, advanced role-based access, SAP Concur and wider system integrations, and a named customer success contact.

There's no free plan, though Soldo offers a 30-day trial on Standard and Plus.

What are the fees outside the subscription?

There’s a difference between the monthly plan fee for the software and the card and payment services.

• Physical card issuing, replacement or renewal: £5

• Virtual card issuing, replacement or renewal: £1

• Outbound GBP transfer via Faster Payments: £0.75

• Cash withdrawal at a cashpoint: 1% of the amount, minimum £2

• Foreign exchange on card transactions: the Mastercard rate plus 1.5%

• Inbound GBP and EUR transfers: free

Fees and charges vary between providers, and they can change. Always check the current fee schedule and terms with the provider directly, and work out the total cost against your own spending patterns rather than the headline price. Our guide to business credit card rates, fees and charges walks through the costs worth comparing.

What the Funding Circle Cashback business credit card offers

The Funding Circle Cashback business credit card is designed to help small businesses get more from their spending. When you use the card, you get up to 42 days interest-free credit if you clear the balance in full, and you earn cashback on everything you buy.

Here's what's included:

• 2% cashback on all card purchases for the first 6 months or up to £2,000, whichever comes first, then 1% uncapped cashback after that

• Up to 42 days interest-free credit, as a grace period when you pay your balance in full

• No annual fee, no monthly fee and no foreign exchange fees

• Credit limits up to £250,000, depending on your circumstances

• Free unlimited Company cards for your team, with individual spend limits set from your dashboard

• A secure sync with Sage, Xero or FreeAgent

• Rates from 14.9% per year. Representative 34.9% APR (variable)

You can use it online and in-store anywhere Visa is accepted, and you don't need to move your business banking to apply.

Soldo and Funding Circle side by side

When you need a spend management platform

Soldo earns its subscription when the problem you're solving is control and admin rather than funding.

That usually looks like a team of people spending company money in different places. Site managers buying materials, care home staff picking up supplies, a production crew on location, a retail group with spend across branches. If you're chasing receipts, approving expense claims weeks after the fact, or trying to work out which department a payment belonged to, the platform is doing real work for you.

It also suits businesses that want carefully managed budgets. Wallets let you allocate a fixed pot to a team or project, preventing overspending before it happens. And if your finance function needs approval workflows, mileage reimbursement or OCR receipt matching, those sit on the paid tiers.

When a business credit card is likely to be the better fit

A business credit card can support your cash flow in a way a prepaid card can't. The gap between paying a supplier and getting paid by a customer is where a lot of small businesses feel the pinch, and a grace period gives you room to move.

A credit card tends to make more sense when:

• You want to pay suppliers now and settle from revenue that lands later in the month

• Your spend is significant enough that cashback is worth real money over a year

• You'd rather not pay a monthly software fee to put company cards in your team's hands

• You spend abroad or with overseas suppliers, and foreign exchange fees are eating into margins

However, it’s also important to remember that credit cards charge interest if you carry a balance.

Most providers, Funding Circle included, also ask for a personal guarantee from one or more directors. A card works best as a short-term bridge and a spending tool, not as a substitute for managing cash flow properly.

Can you use both?

Yes, and plenty of businesses do, since the two do quite different jobs.

A common setup is a business credit card for the bulk of company spend, where the grace period and cashback do the work, alongside a spend management tool for the specific corners where tight controls matter, like petty cash, site spend or a large field team.

If you're weighing that up, our guide to business expense cards for employees covers when dedicated expense tooling starts to earn its keep.

How Funding Circle can help

If you've decided a business credit card with spend management built in is what you need, the Funding Circle Cashback business credit card is built to turn everyday business spend into money back.

• 2% cashback on all card purchases for your first 6 months or up to £2,000, whichever comes first, then 1% uncapped cashback on everything after that

• Up to 42 days interest-free credit when you clear your balance in full, giving you room on your cash flow

• No monthly fee, no annual fee and no foreign transaction fees

• Free unlimited Company cards for your team, with spend limits you set

• Easily manage cards, spending and limits from the Funding Circle app

• Credit limits up to £250,000, depending on your circumstances

• Sync securely with Sage, Xero or FreeAgent

There's no need to switch your business banking. You can check your eligibility online in minutes and get an instant decision. 

If a card isn't the right shape for what you need, FlexiPay might be. It's a flexible credit line that lets you pay virtually any business cost upfront, by card or by transferring funds straight to a supplier, then spread the cost over 1, 3, 6, 9 or 12 months for one flat fee from 1.99% per use. Useful for VAT bills, stock orders and supplier invoices that land at the wrong moment.

Funding Circle also offers business loans from £10,000 to £750,000 for longer-term investment, and asset finance options from a panel of lenders across the market. 

Soldo Business Credit Card FAQs 

Does Soldo offer a business credit card?

No. Soldo issues prepaid and debit Mastercard company cards, funded by money you load into your Soldo account. There's no credit line, no interest-free period and no cashback. It's a spend management platform first, with cards as the payment method.

How much does Soldo cost per month?

Soldo's Standard plan is £21 a month plus VAT and Plus is £33 a month plus VAT, each including 3 users and 3 cards. The Unlimited plan is priced on request. Card issuing, cash withdrawals, outbound transfers and foreign exchange carry separate fees on top.

What's the difference between a prepaid company card and a business credit card?

A prepaid card spends money you've already put on it, so there's no borrowing and no interest. A business credit card gives you a credit limit, an interest-free grace period if you pay in full, and often rewards such as cashback, but it charges interest on any balance you carry.

Do I need to switch my business bank account?

Not for either option. Soldo works alongside your existing bank account rather than replacing it, and Funding Circle doesn't require you to move your business banking to apply for the Cashback business credit card.

Disclaimer

24/08/26  – While we want to help as much as we can, the information found here is provided solely for informational purposes and should not be considered financial or legal advice. To the extent permitted by law, Funding Circle does not accept any liability for any loss or damage which may arise directly or indirectly from the use of, or reliance on, the information contained here. If you have any questions, please speak to your professional adviser or seek independent legal advice.