Soldo has selected Form3, a cloud-native account-to-account platform, to provide the former with SEPA credit transfer and instant connectivity.
The London-based fintech Soldo aims to create the “next generation of payments and expense management solutions”, and now has the ability to upgrade its reach via tapping into SEPA capabilities to update its technology and boost customer growth.
Carlo Gualandri, Soldo CEO, commented: “Secure, reliable and scalable real-time financial interactions are the foundation of everything we do.
“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.”
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.
“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,” added Julian Colls, Form3 Chief Customer Officer.
“Soldo’s customers will now also experience true real time payments previously only available to direct scheme participants.”
Soldo’s new SEPA offerings, powered by Form3’s cloud technology, are now live for customers.