Soldo selects Form3 for SEPA capabilities

By Leandra Monteiro

Soldo, the London-based FinTech creating the next generation of payments and expense management solutions, 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, 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, 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.