For current and most up-to-date details about the costs, please refer to our pricing page.
GoSolo is not a bank. GoSolo is a technology platform that allows its users access to electronic money business accounts that are supplied by 3rd party providers.
Electronic Money is not a deposit. The Financial Services Compensation Scheme does not cover electronic money products. No other compensation scheme exists to cover losses from your electronic money account. The funds are held in segregated accounts in accordance with the provisions of the Electronic Money Regulations 2011
Gosolo is the trading name of Gosolo Financial Limited, a company registered in England and Wales (company number 12053066). Our registered office is 128 City Road, London, United Kingdom, EC1V 2NX.
For accounts with sort code 04-29-28, opened before 22/04/2024:
GoSolo Financial Limited is registered with the Financial Conduct Authority as an EMD Agent to distribute or redeem electronic money (Register number 902961). GoSolo operates via our partner, PayrNet Limited, which is authorised by the Financial Conduct Authority (register number 900594) as an Electronic Money Institution. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. The Card is issued by PayrNet Ltd pursuant to license by Mastercard International Inc. PayrNet Ltd is authorised by Financial Conduct Authority to conduct electronic money service activities under the Electronic Money Regulations 2011 (Ref: 900594). Payrnet Limited is an electronic money institution authorised and regulated by the Financial Conduct Authority with register number 900594. The Financial Services Compensation Scheme does not cover electronic money products. No other compensation scheme exists to cover losses from your electronic money account. Your funds will be held in one or more segregated bank accounts with a regulated third-party credit institution in accordance with the provisions of the Electronic Money Regulations 2011.
For accounts with sort code 04-29-57, opened after 22/04/2024:
Business Accounts are offered by Adyen N.V. which is authorised by the Prudential Regulation Authority and Financial Conduct Authority (reference number: 779800) as an overseas branch of an EEA-credit institution in the UK and is authorised to issue electronic money. The cards are issued by Adyen N.V. pursuant to license by Mastercard International. Business Accounts include issuance of electronic money. Electronic Money is not a deposit. The Financial Services Compensation Scheme does not cover electronic money products. No other compensation scheme exists to cover losses from your electronic money account. Adyen is however subject to stringent capital and liquidity requirements in order to ensure its financial resilience in periods of economic stress.
With GoSolo you can open a business account online as well as register an LTD company. Actually, you get everything you need to start your business and even more. We have web, iOS and Android mobile apps to manage your business account.
To open a business account in GoSolo you need 10-15 minutes to pass onboarding and if all is OK you will get a business account the same or the next day.
In GoSolo we made the business account opening process as simple as filling a regular form on the web, or even simpler.
If you live in the United Kingdom you need a valid government-issued photo-ID document (Passport, Driving License, BRP), and proof of your UK address (council tax, utility bill, bank statement).
Yes. You don't need to figure out what information to include and how the invoice looks. In GoSolo you can issue and email invoices within a simple, guided 3-step process.