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Solid - Series B
Overview
Funding Date
August 31, 2022
Financing amount
$63M
Valuation
--
Catagory
Subcategory
About Solid - Series B
Solid has raised $63 million in a Series B funding round led by FTV Capital, a sector-focused growth equity firm with nearly 25 years of experience investing in financial technology. Existing investor Headline also participated in the round.
Now, any company can quickly spin up bank accounts, crypto wallets, send payments, and issue cards to their end users, right in their product experience, while Solid does the heavy lifting of building and maintaining compliant fintech infrastructure.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Corporate | United States of America | 1998 | 1 | -- | ||
| Fund | United States of America | 1998 | 10 | hello@headline.com |
Founders & Team
Arjun Thyagarajan
Company Profile / Project Introduction
Solid, which rebranded from Wise in 2021, offers a one-stop shop of a fully integrated and compliant suite of fintech services . "Think AWS for FinTech or simply FinTech-as-a-service!", said chief executive Arjun Thyagarajan on LinkedIn. Their goal is to empower any company to quickly build and launch embedded fintech products such as bank accounts, crypto wallets, payments, and cards to their users. The company owns the experience and is said to have little or no regulatory overhead, while integration is a light technical lift, a matter of calling modern APIs and a few lines of code. A few clients include Plate IQ, Paystand, Shifl, Everflow, Lumanu, and Starlight. Solid is backed by FTV Capital, Headline, Base10, Grishin Robotics, and Abstract Ventures.