Equals Money vs Soldo: Pricing, features and the best choice for your business in 2026

Key takeaways

• Equals Money helps businesses hold and move money internationally at low costs, along with its spend and expense management tools. It’s good for card-heavy spending.

• Soldo is a spend management platform that gives businesses detailed information and control over company and employee spending. It’s good for medium and large businesses that need more insight into their spending.

• Airwallex does all of the above and more – offering low-cost international transfers, multi-currency accounts, spend management, card issuing, and much more. It’s good for everything a business needs.

You’ve got to spend money to make money, but you can’t go wasting it. Spend management tools help businesses keep on top of company expenditure, streamlining processes from purchase orders all the way through to payouts and reconciliations.

Equals Money and Soldo are two such providers, but there are some key differences you need to know about if you’re going to make an informed decision for your business. We’ve done the legwork for you and have brought together a host of comparison points. 

In this article, you’ll find quick fire and detailed comparisons, pros and cons of each platform, and an alternative provider – Airwallex – that might be your ideal solution.

Equals Money vs Soldo: Quick comparison table

Get a quick sense of how the two compare using the table below, then we’ll look at some key areas in more detail.

The features we’ve compared here are, broadly speaking, the most important for the average business. It’s not a complete list, but it should give you a good idea of what each offers.

Pros and cons: Equals Money vs Soldo

Both platforms are popular and well-reviewed, but they offer different things to different businesses. In some cases, they stand out as a brilliant choice. In other cases, they’ve got some fundamental flaws. You need to know about their limitations and challenges, just as much as their highlights.

Pros of choosing Equals Money

Even on its cheapest plan, Equals Money gives you six times as many cards as Soldo’s equivalent plan. With up to 20 physical and 50 virtual cards on their Business Tier, Equals Money is a great fit for businesses with a lot of employee spending. It’s also a good option if you want to reserve cards for specific vendors, teams, or even vehicles. This highlights the real strength of Equals Money – if you want to separate spend across multiple cards.

The multi-currency account available from Equals Money is useful for businesses with any kind of global element to their finances. You could have an employee in Timbuktu or a supplier in Tallinn – any kind of international money movement can quickly become expensive, slow, and complex. A multi-currency account simplifies the whole process, letting you hold and send much more than your local currency at fair prices.

Combining the previous two points, Equals Money performs well if your employees are spending abroad. With no FX charges in 21 currencies and a 1.5% fee in all others, spending on a company card when travelling internationally is pleasantly affordable.

Cons of choosing Equals Money

If you want to use Equals Money for its multi-currency accounts, you’ll have to pay more. How much more is unclear. They bill for their spend management and account products separately, with the latter’s pricing only available on enquiry. Considering their cheapest plan is already more expensive than Soldo’s, you’ll be paying more for the same products.

With only two named integrations on their website, Equals Money lacks the connectivity of many other providers. If you’re a Xero or SAP Concur user, then you’ll be okay. Everybody else – and there are plenty of other accounting software providers to choose from – will be stuck doing manual reconciliations or relying on third party automations.

Equals Money doesn’t offer any kind of payment acceptance, so if you want to take payments from your customers, you’ll need to use another provider alongside them. Following on from the previous point, that’ll add another layer to integrate into your financial tech stack. Without clear, automated communication between all of your financial infrastructure, you risk creating gaps in your ledger.

Pros of choosing Soldo

Soldo offers an attractive level of detail in its spend management tool – tracking spend down to the employee-level and accounting for long-tail spend across your business. In terms of specificity, Soldo is a great option for taming, managing, and optimising your company’s spending.

Soldo has a dedicated professional services team that can help customers generate custom reports, create new workflows, and scale their product alongside your business.

Soldo’s wallet feature lets you divide your funds into multiple different pots, reserved for specific cards, users, teams, vendors, and so on. Dedicated wallets like this can help with budgeting, spend control, and giving teams and employees a sense of autonomy over their spending. That’s good for the whole business.

Cons of choosing Soldo

With just three currencies available for your wallet balances, Soldo isn’t really equipped to help businesses with an international footprint. They offer no provision for currencies outside of Europe and the United States, so managing your spend in any other currencies or countries will require a separate solution (or you’ll have to pay a premium with Soldo).

If you want to use the granular power of Soldo’s wallet controls (e.g. setting individual user or card wallets), you’ll have to pay extra. Their Standard plan is limited to just one main wallet. Additional wallets cost £6/month each and require you to be on their Plus plan. As a result, some of Soldo’s most powerful spend controls are – in effect – behind a paywall.

As with Equals Money, Soldo doesn’t offer any payment processing or gateway services. You don’t have a business without getting paid and, even if your billing is predominantly invoice-based, many vendors like the option of paying by card or even Direct Debit. Without the ability to process payments, you can put your cashflow and supplier relationships at unnecessary risk.

Why Airwallex is the best choice for global finance ops

Before you make any decisions about Equals Money vs. Soldo, add Airwallex to your list of potential providers.

We can give your business the spend management tools it needs, along with all the other infrastructure you need to grow into new markets. That includes multi-currency accounts, low-cost FX and international transfers, cards, end-to-end accounts payable and receivable, billing, payment acceptance, and more. All costing 9% and 24% less than Soldo and Equals Money, respectively.

Equals Money and Soldo do some of these things well. Airwallex does it all brilliantly.

What is Equals Money?

Equals Money is a money movement platform for businesses and individuals. Their business product helps companies send money abroad, manage spending, and process employee expenses.

See how Equals Money compares to Airwallex.

What is Soldo?

Soldo is a spend management platform for businesses, designed to improve agility throughout your business and empower employees to spend with confidence. As well as spend management, Soldo offers budgeting, card issuing, wallets, and reporting and analytics.

See how Soldo compares to Airwallex.

Equals Money vs Soldo: A closer look at their features

If you want to protect your business from the costs of disconnected spend management, you’ll need the right combination of features and processes. Both providers have their strengths, but they each stand out in different areas. Below, you can see how they compare on key features and get a better understanding of where their strengths lie, comparatively.

Expense cards and spend control capabilities

Comparing both providers, their provisions are fairly similar: Expense cards, corporate debit cards, and card-specific limits for vendors, users, and other parameters (albeit applied in different ways).

Combining its wallets and granular controls, Soldo offers a powerful system for keeping expenses under control while still empowering your staff to spend as needed. Equals Money has a good offering in these areas, too, but Soldo’s provides the most detail, control, and flexibility.

The only exception is if you use your card(s) for a lot of international spending. In that case, Equals Money performs better – charging nothing for spending in 21 currencies. Both charge the same FX fee, otherwise (1.5%).

Best of the two: Soldo, except if you do a lot of spending in foreign currencies – then it’s Equals Money.

FX rates, travel spend and international use

With 12x the currencies you can hold on balance, Equals Money is clearly best-equipped for handling international business. Their international payout network is similarly ahead of Soldo’s.

Beyond balances and wallets, Equals Money also comes out on top in terms of foreign currency card spending. Both charge similar FX fees (around 1.5%), but Equals Money users can spend with zero fees in 21 currencies. With Soldo, you’re limited to the three currencies you can hold on balance – GBP, USD, and EUR.

Best of the two: Equals Money.

Finance automation and integrations

Equals Money is held back by its software integrations. With just two named integrations on offer, businesses with complex tech stacks that don’t include Xero or SAP Concur will struggle to make everything fit and flow smoothly,

Soldo is practically the opposite. Not only does it offer 22x as many integrations, they also have a dedicated team that can custom-build integrations based on your existing setup. Of course, this will cost more and require an enterprise plan, but it’s night and day compared to what Equals Money advertises.

Best of the two: Soldo.

Pricing, plans and cost to scale

In terms of cost, there’s not a lot of difference between Soldo and Equals Money. £25 vs £21 per month isn’t going to make or break your financial year. Those prices are for their cheapest plans, though, and it’s worth considering the nuances as you start to scale up.

Their plans are packaged quite differently. With Equals Money, you can get up to 20 cards on their cheapest plan. With Soldo, you get three. That’s a major difference that will drive the final decision for many businesses.

Another point worth remembering is that Equals Money charges separately for their multi-currency accounts. A Soldo subscription includes all their main products – including a wallet.

Best of the two: Soldo for spend + account product, but Equals Money wins if you need more than three cards.

Final verdict: Which you should choose in 2026

In the search for your spend management platform, Equals Money and Soldo are both decent choices. Soldo probably has the edge – its ecosystem is built around spend management, rather than Equals Money and its money movement focus.

Rather than picking between two shades of the same colour, you could get a full-spectrum financial platform that combines the best of both providers. And adds more on top.

With Airwallex, your spend management – with spend controls, OCR receipt scanning, and machine learning fraud engines – is covered. Then, your multi-currency account is also in place – giving you the ability to hold 20+ currencies, use local bank details in 60+ countries, and send low-cost transfers to 150+ countries. Add into the mix our payment gateway (collecting from 160+ local payments methods and in 130+ currencies) and you have all the financial infrastructure you need to grow and scale your business across borders.

FAQs

Is Soldo a bank?

No, Soldo is an electronic money institution (EMI). They’re regulated by the Financial Conduct Authority in the UK under registration number 900459. EMIs are allowed to offer accounts (or wallets, like Soldo) to their customers but all funds are kept in safeguarding accounts with licensed banks. EMIs aren’t allowed to lend out customers’ funds or provide facilities like mortgages or overdrafts.

How can I get paid to my Soldo account?

Your Soldo wallet has its own sort code, account number, and IBAN (or equivalents for EUR and USD accounts), so you can receive bank transfers. You can make your own deposits using Open Banking connections, too. Soldo doesn’t have the ability to accept payments, with no payment gateway or merchant account in their product list.

Can I use my Equals Money card abroad?

Yes, you can use an Equals Money business card abroad. In fact, it’s one of the company’s strengths. They offer fee-free spending in 21 currencies and charge a 1.5% FX fee for all other currencies. This can save you money if your company does a lot of international travel or pays international vendors.

Can I control how an Equals Money card is used?

You can set controls and limits on Equal Money cards in several ways. Some examples are value limits (e.g. a card can’t be used for transactions above a certain price), vendor limits (e.g. a card only works when used with a certain business), and user limits (e.g. John Doe can only spend a certain amount or make a certain number of transactions).

Sources and references 

1. docs.stripe.com/global-payouts/pricing

2. worldpay.com/en/products/multicurrency-solutions

3. docs.stripe.com/payments/payment-methods/overview

4. hdocs.worldpay.com/apis/pushtoaccountglobal/coverage

5. docs.stripe.com/payments-api/tour

6. docs.worldpay.com/apis

7. docs.stripe.com/payments/balances

8. worldpay.com/en-GB/insights/guides/how-payment-processing-works