Partnerships· 3min February 15, 2023
The partnership will enable leading fintech to expand its payment technology in 2023
Soldo, the London-based fintech creating the next generation of payments and expense management solutions, has today selected Form3, the cloud-native account-to-account platform, to provide SEPA Credit Transfer and Instant connectivity.
Soldo’s upgraded SEPA capabilities will allow it to update its payment technology to boost customer growth as its business expands, taking advantage of SEPA Instant adoption mandate in 2023.
Julian Colls, Form3’s Chief Customer Officer, said: “We are excited to be partnering with Soldo to help realise their exciting ambitions in Europe as they benefit from the flexibility and resilience of Form3’s fully managed, cloud native, account to account technology platform. Soldo’s customers will now also experience true real time payments previously only available to direct scheme participants.”
The new partnership sees Form3 providing Soldo with direct technical access to the SEPA clearing system via its cloud-based, single payment API account-to-account platform, using a direct non-settling participant model provided in collaboration with Barclays Bank.
Carlo Gualandri, Soldo’s CEO, commented: “Secure, reliable and scalable real-time financial interactions are the foundation of everything we do. So, we're delighted to partner with Form3 to provide bank-strength connections for instant payments in the UK and across the SEPA region. This is another example of our deep investment in the best infrastructure for our customers, as they look for new, digital ways to manage their money.”
Soldo’s new SEPA offerings, underpinned by Form3’s cloud technology, are now live for customers.
Form3 is the account-to-account platform. Founded In 2016, Form3 set out to revolutionise the world of payment processing and disrupt the traditional payment infrastructure model, with an always on, cloud-native, Payments-as-a-Service platform. Today, Form3 is trusted by some of UK and Europe’s biggest Tier1 banks and fastest-growing fintechs to handle their critical payments architecture. Form3 has been awarded Payments Innovation of the Year 2022 by Payments Awards, Most Innovative Mobile or Financial Service Payments Solution 2022 by PAY360 Awards, Payments Innovation of the Year 2022 by FSTech Awards and was shortlisted as Diversity Champion of the Year 2022 run by British Diversity Awards.
Soldo is the European spend management platform that combines smart company cards, issued by Mastercard®, with comprehensive software. More than 30,000 companies, from small businesses to multi-national corporations in more than 31 countries, use Soldo to track and control spending. Headquartered in the UK, with additional offices in Dublin, Milan, and Rome, Soldo empowers customers including Mercedes Benz, GetYourGuide, Bauli, and Brooks Running to spend company money on travel and entertainment, advertising, purchases, software subscriptions, e-commerce, and more. Financial decision-makers can control every cost with custom budgets and real-time tracking of transactions.