Soldo alternatives: 9 company card platforms compared

Finance teams outgrow Soldo for three predictable reasons: approval workflows hit a ceiling, custom approval rules are only on the Unlimited plan, and connecting to most enterprise resource planning (ERP) systems still requires a manual export at month-end. Soldo is a prepaid Mastercard-based spend management platform used by over 25,000 businesses across 31 countries, with GBP pricing starting at £21 per month for three users. It covers card issuance and budget controls, along with receipt capture and accounting software syncs.

Approval workflow gaps are the single most-cited limitation on G2, with nine separate mentions. Missing integrations with key accounting software also force manual reconciliation at month-end, according to multiple reviewers on G2.

The nine platforms below are compared across card controls, invoice management, multi-entity management, and foreign exchange (FX) fees. Compliance matters too, particularly for spend management software that has to clear payments across both Single Euro Payments Area (SEPA) and Bankers' Automated Clearing Services (BACS) rails.

Key takeaways

• Soldo's entry plans restrict approval workflows, ERP integrations, and card issuance volumes. Custom approval workflows require at least the Plus plan, and only two verified integrations appear on G2 (Xero and QuickBooks Online).

• Credit versus prepaid cards affect working capital. Payhawk and Moss offer credit card options, while Soldo and Spendesk are prepaid or debit only.

• FX costs differ by transaction type, not just by headline rate. Soldo charges the Mastercard rate plus 1.5% on card transactions, Airwallex charges 0% on card FX, and Payhawk charges 0% where the card is issued in the transaction currency and 1.99% elsewhere. Spendesk charges 2.99% on card transactions in a non-default currency, and 0.5% above mid-market plus a £4 local transfer fee on international supplier payments in major currencies.

• AI and automation maturity differs across platforms. Payhawk publishes the most extensive public documentation of named AI agents; Spendesk uses a rules-based plus machine learning (ML) hybrid for bookkeeping automation; Soldo's AI capabilities aren't documented in public materials.

• The UK e-invoicing mandate and per-user pricing shape the shortlist. Payhawk and Spendesk are best positioned for the 2029 timeline. Spendesk, Moss, Payhawk, Perk, and Equals Money don't charge per-user fees, while Pleo's Advanced plan charges £15 per additional user on top of the £99 yearly-billed base (£109 if billed monthly).

Platforms that cover more ground, such as accounts payable (AP) automation, procurement, and multi-entity support, cost more and take longer to implement. Card-focused tools usually go live faster and may leave gaps at month-end.

What to look for in a Soldo alternative

Look for Faster Payments and SEPA support. Soldo supports both, with up to 20 outbound bank transfers per month on the Standard plan and 30 on Plus.

Ensure that VAT automation can go beyond receipt capture. Look for optical character recognition (OCR) that extracts VAT amounts accurately, multi-rate handling for cross-border EU transactions, and a clean digital audit trail that feeds into accounting software compatible with Making Tax Digital (MTD).

Consider multi-entity support matters as soon as you operate more than one legal entity. Look for consolidated reporting across UK and EU subsidiaries. Approval workflows should also work per entity, so each subsidiary can apply its own rules.

Choose a card type for your working-capital model. Some platforms issue prepaid or debit cards only, while others offer credit. If your team runs Google Ads or Meta campaigns, it's worth confirming card acceptance with the provider before you switch, since reviewers on G2 and Capterra occasionally report rejections on advertising platforms.

Together, these four dimensions usually separate a card programme from a broader spend management platform. That's the question the comparison below answers.

9 alternatives to Soldo for UK and European finance teams

The nine platforms below are ordered by relevance to UK and European mid-market finance teams evaluating a Soldo replacement, not by overall market share. Each entry covers headquarters, card type, FX position, pricing model, and one notable differentiator. The Best for: line at the end of each entry names the team profile that platform fits, so you can skip to the entry that matches your biggest bottleneck.

1. Spendesk

Spendesk is an all-in-one spend management platform consolidating company cards, expense management, accounts payable, procurement, and budgeting. Headquartered in Paris, it serves over 200,000 users across 35 countries. It offers physical, virtual, single-use, and subscription Visa cards, with granular spend controls.

The AP automation module handles invoice capture, OCR extraction, three-way matching, and payment execution across 100-plus countries. Approval workflows can combine multiple conditions and route through approvers sequentially or in parallel, with no per-user fees. Pricing is quote-based.

Best for: Mid-market finance teams that need cards, AP automation, expense claims, procurement, and budgeting in a single platform, with multi-entity support included in its most basic plan.

2. Pleo

Pleo is a Denmark-headquartered spend management platform. It issues Mastercard virtual and physical cards and rates 4.83 out of 5 on Capterra from 199 reviews, with an Ease of Use sub-score of 4.9. Higher-tier plans add automated expense claims, vendor cards, budgets, and approval workflows.

Pricing is per-user, starting at £9.50 per month for up to three users. The Advanced plan is £99 per month when billed yearly (£109 if billed monthly), plus £15 per additional user. FX fees range from 1.49% on the Beyond plan to 2.49% on Starter.

Best for: SMBs that prioritise ease of adoption and quick onboarding over deep AP automation or procurement workflows.

3. Payhawk

Payhawk is a London-registered spend management platform that operates across 32 countries, with dedicated regulatory entities in the UK, European Economic Area (EEA), and US. It offers both Visa Debit and Visa Credit cards. Payhawk sells four separately purchasable modules (Cards and Expenses, Travel, Bill Payments, and Procure-to-Pay), with unlimited employee seats on all plans.

Module pricing is region-specific. Payhawk's UK pricing page does not publish module-level monthly figures; current US pricing for Cards and Expenses starts at $449 per month. Payhawk holds a 4.5 out of 5 G2 rating from 886 reviews. It also publishes more documentation on named AI agents than any other platform in this comparison: four agents (Financial Controller, Travel, Procurement, and Payments) take natural-language instructions through Slack and Microsoft Teams.

On FX, Payhawk charges nothing on card spend where the card is issued in the same currency as the transaction, and 1.99% on everything else. International supplier payments carry a 0.30% markup above mid-market in its top transfer currencies.

Best for: Mid-market to enterprise businesses with multi-entity international operations that need both Visa credit and debit cards, modular purchasing, and documented AI automation.

4. Moss

Moss is a Germany-headquartered spend management platform with 7,000-plus customers and a UK legal entity. Its standout feature is Moss Credit. Spending limits go up to £1,000,000 per month, with repayment terms of daily, weekly, or up to 30 days.

Pricing is modular: a core platform fee plus separately purchased company cards, employee reimbursements, accounts payable, and procurement modules. There are no per-user charges. Integrations include Xero, DATEV, NetSuite, and QuickBooks. G2 reviewers flag that the Xero integration occasionally drops transactions and that receipt-field auto-fill is unreliable.

Best for: Smaller UK and DACH (Germany, Austria, Switzerland) companies that need high credit spending limits without pre-funding, DATEV integration, and modular pricing.

5. Perk (formerly Yokoy)

TravelPerk acquired Yokoy in 2025 and rebranded it as Perk in November 2025. It's the only platform in this comparison that combines business travel booking, expense claims, and company cards in one product. The Perk Visa Debit Card charges 0% FX fees within the EU.

Pricing is a flat monthly platform fee at three tiers: Starter (£0), Premium (£99), and Pro (£299). Travel and spend management come bundled, not as separate per-user licences. The Pro plan supports unlimited legal entities. ERP integrations cover DATEV and Xero on Premium, expanding to all supported ERPs plus an OpenAPI on Pro. Perk is ISO 27001 certified.

Its G2 rating of 4.6 out of 5 covers the combined travel and spend platform rather than the spend modules alone, so read the review themes rather than the headline score.

Best for: Mid-to-large enterprises with significant travel spend that want travel booking, expense claims, and company cards under one vendor with 0% EU FX fees.

6. Airwallex

Airwallex is a Financial Conduct Authority (FCA)-authorised multi-currency financial platform. Its company cards charge 0% foreign transaction fees. It sends international payments to 200-plus countries, with 93% delivered same-day via local payment networks. It also offers multi-currency accounts in 23-plus currencies at interbank-based FX rates.

UK pricing starts from £0 per month with a minimum £10,000 balance, or £19 per month without a balance requirement. The platform also handles expense claims, approval workflows, real-time spend controls, and automated bill payments. Integrations cover Xero, QuickBooks, Sage, and NetSuite. Airwallex's Yield product is live for EEA-domiciled customers in EUR, GBP, and USD via its Netherlands entity; UK GBP yield is on a waitlist as of May 2026.

Its G2 rating sits at 4.2 out of 5 from 53 reviews, the smallest review base in this comparison, and account holds during compliance checks are a recurring theme in that feedback.

Best for: Businesses with significant international spend and FX exposure, particularly eCommerce companies, where the 0% card FX fee and interbank transfer rates produce savings against Soldo's Mastercard rate plus 1.5%.

7. Equals Money

Equals Money is a UK-based company card programme issuing Mastercard cards in 21 currencies, with forward contracts available for FX hedging. That's a treasury-level capability, and it puts Equals Money closer to a currency specialist than the other entries here.

Pricing follows a card-count model. The Business plan covers up to 20 physical cards at £25 per month; Business Plus covers up to 50 physical cards at £35 per month, with Enterprise on custom pricing. Both published plans include unlimited platform users with no per-user fees. FX is free in 21 major currencies, with 1.5% applied to currencies outside that list.

Equals Money PLC holds FCA reference 488396 and rates 4.6 out of 5 on Trustpilot from more than 500 reviews.

Best for: UK businesses with defined card programmes and predictable multi-currency spend, particularly teams that want to fix a rate ahead of large foreign-currency payments.

8. Circula

Circula is a Germany-headquartered modular platform with three modules: expense claims, Visa credit cards (with a €750,000 per-card transaction limit), and accounts payable. You only pay for licences in months where the user submits, approves, or controls an expense.

Pricing starts at €15 per licence per month for expenses, €99 per platform per month for credit cards, and €149 per platform per month for AP. Circula holds a 4.6 out of 5 Capterra rating based on 565 reviews.

Its compliance capabilities focus on the DACH market. Document management meets GoBD (the German digital bookkeeping standard). VAT checks run automatically against UStG § 14 (Germany's VAT Act). DATEV integration is included in the base tier. Circula is also the only platform here offering a CO₂ reporting add-on for the EU's Corporate Sustainability Reporting Directive (CSRD).

Best for: DACH (Germany, Austria, Switzerland) mid-sized and large companies with German accounting compliance requirements (GoBD, DATEV) and upcoming CSRD carbon reporting obligations.

9. Expensify

Expensify is a US-origin spend management platform widely used in the UK, known for its SmartScan receipt capture. It holds a 4.5 out of 5 G2 rating from 5,634 reviews. The platform covers receipt scanning, expense claims, company cards, travel booking, bill payment, and reimbursements. Pricing starts from approximately $5 per member per month on the Collect plan.

A G2 reviewer flagged that Expensify's January 2026 admin interface update made navigation harder. That one reviewer isn't an outlier: navigation shows up in G2's dislike tag cloud 30 times as of May 2026.

Best for: Small businesses and SMBs with straightforward expense claim workflows where ease of receipt capture matters more than AP automation, multi-entity management, or European compliance depth.

How to choose the right Soldo alternative

Shortlists depend on where your team operates, what your month-end close looks like today, and whether you need a card programme or a full spend management platform.

European compliance and payment rails

If you operate EU entities alongside a UK entity, verify that the platform supports both SEPA and Faster Payments natively, handles multi-rate VAT, and feeds MTD-compatible accounting software. Payhawk and Spendesk publish the most detailed EU e-invoicing roadmaps; Circula leads on DACH-specific compliance.

ERP and accounting integrations

The manual export at month-end is the friction most teams are trying to remove, and it comes down to which integrations a platform has actually built rather than which ones appear on a marketing page. Soldo shows two verified integrations on G2, Xero and QuickBooks Online. Moss covers Xero, DATEV, NetSuite, and QuickBooks, while Perk covers DATEV and Xero on Premium, widening to all supported ERPs plus an OpenAPI on Pro. If ERP connectivity is the gap, check each platform's verified integration list against your accounting stack before booking a demo, so you find the gap now rather than during your first close on a new system.

Card type and working capital impact

Credit options matter when preserving working capital is a priority. Moss Credit (up to £1,000,000 per month), Payhawk (Visa Credit up to $1M), and Circula (€750,000 per-card limit) offer them. Soldo doesn't.

FX fee structure

Card FX and payment FX are two different costs, and shortlists often treat them as one. On card spend, the range across these platforms runs from 0% (Airwallex, Perk within the EU, and Payhawk where the card is issued in the transaction currency) to just under 3%. On international supplier payments the picture shifts: Spendesk charges 0.5% above mid-market plus a £4 or €4 local transfer fee in major currencies, while Payhawk charges 0.30% in its top transfer currencies. Work out which of the two dominates your spend before comparing rates, because a low card rate saves very little if most of your currency exposure sits in supplier invoices.

AP automation and AI maturity

If chasing invoices is the main pain point, platforms with invoice capture, three-way matching, and payment execution deserve priority. Spendesk, Payhawk, and Moss offer modules for accounts payable automation.

Pricing model and total cost of ownership

The pricing models in the table aren't directly comparable. Factor in FX fees, card issuance costs, and integration add-ons when comparing. Comparing total cost of ownership properly means pulling actual transaction data from your current provider. That takes longer than most teams expect, especially if month-end close is already running long.

Why finance teams shortlist Spendesk

Spendesk pulls ahead of Soldo in four areas. A fifth section covers where it falls short. Each maps back to a dimension introduced in "How to choose" above.

Receipt compliance that blocks card use

Most platforms send email nudges when receipts are missing. Spendesk's "Play by the Rules" feature blocks an employee's card after a configurable number of late receipts. According to Spendesk, this drives up to 98% receipt collection within two days. GWI, a UK-headquartered consumer insights firm with 500+ employees, achieved 95% receipt compliance with Spendesk.

Approval workflows with multi-condition logic

Spendesk supports approval workflows that combine conditions, such as cost centre plus expense type plus category. They route through sequential or parallel approvers. That means low-risk requests can be routed to other approvers (a budget owner, a manager), so finance only sees the items that need their review.

Silverfin's VP Finance, Tom Libbrecht, put it directly: "Spendesk is one of the tools that will allow us to scale. We can add people, new expenses, and expense volume, without adding anything to the back-office because it's that far automated. And it still keeps us in control."

Bookkeeping automation: rules plus ML

Spendesk uses deterministic rules (for example, "if supplier is Uber and cost exceeds £50, apply these general ledger codes") alongside ML-based suggestions. According to Spendesk data, AI suggestions have a 96% acceptance rate. That matters when teams want automation without giving up control over coding logic.

Multi-entity management

Spendesk's Multi-entity Hub posts expenses to the correct entity automatically and gives a single consolidated view across the organisation. For teams managing UK and EU entities together, that cuts spreadsheet consolidation work, and each entity keeps its own approval rules. Pierre Frey, the French heritage décor house, manages five international entities on the platform. Up to three entities are included on the most basic plan, so a mid-size European business running two or three companies doesn't pay extra to consolidate them.

Honest trade-offs

Spendesk's default card FX fee is 2.99%, higher than several platforms here charge on card spend, and that's a real cost for teams whose people pay in non-base currencies most weeks. The comparison narrows on international supplier payments, where Spendesk charges 0.5% above mid-market plus a £4 or €4 local transfer fee in major currencies. Final costs depend on currency, entity, plan, transfer fees, and any negotiated commercial terms, so card-heavy international spend tends to favour other platforms in this list, while invoice-heavy international spend is closer than the headline card rates suggest. Pricing is also quote-based, so total cost can't be benchmarked before a sales conversation.

Spendesk does not offer credit cards either. The prepaid debit model gives tighter spend control, but funds have to be loaded in advance. Moss and Payhawk offer credit options.

Which teams usually move on from Soldo

The approval workflow, integration, and manual-export friction in the opening comparison usually comes down to one question: do you need a card programme, or do you need a broader spend management platform that reduces month-end work? Teams that mainly want prepaid cards and simple controls may still find Soldo enough. Teams that need stronger approval workflows, better AP automation, or cleaner multi-entity reporting usually won't.

The right replacement depends on the bottleneck to remove first. If working capital is the pressure point, credit-based options will stand out. If FX costs are rising, Airwallex or Perk may move up the list. If the issue is finance time lost to receipt chasing, invoice processing, and entity-level approvals, Spendesk's strength is pulling those workflows into one platform with no manual exports.

Book a demo with Spendesk's team to see how the spend management platform handles the specific workflows you're evaluating.

Competitive data was collected as of May 2026, with pricing, FX, and review figures rechecked in August 2026. All figures are subject to change.

Frequently asked questions about Soldo alternatives

Which pricing model is usually easiest to scale across a growing finance team?

That depends on where your costs are concentrated. Per-user pricing can look simple at first, but it rises as more approvers, budget owners, and employees need access. Platform or modular pricing can be easier to scale if you expect broader rollout, especially when unlimited users are included.

What should finance teams verify in review data before booking a demo?

Look beyond the headline rating. The most useful signals in this comparison are repeated comments about approval workflows, accounting integrations, manual exports, VAT reliability, and card acceptance. Those patterns tell you more about day-to-day finance friction than a single score does.

How should teams compare quote-based pricing with public pricing?

The practical way to compare them is to look at total cost of ownership, not just headline subscription price. FX charges, card pricing, implementation effort, integration access, and the amount of manual reconciliation left at month-end can change the total materially.

Does Spendesk offer a credit card option?

No. Spendesk issues physical, virtual, single-use, and subscription Visa cards on a prepaid or debit basis only. Teams that want a credit facility to preserve working capital usually shortlist Moss, Payhawk, or Circula instead. Generally, pre-funded models give finance tighter spend control before money leaves the company, whereas credit-based models defer that control to the statement cycle.