What is Solid.?
Solid. operates as a modern FinTech platform designed to embed banking services within partner ecosystems through simplified APIs. Its core offering features a built-in immutable ledger, aiming to accelerate the integration of banking functionalities. Based in San Mateo, California, Solid. addresses the complexity often associated with banking integrations, providing a purpose-built FaaS (FinTech-as-a-Service) solution.
How much funding has Solid. raised?
Solid. has raised a total of $63M across 1 funding round:
Series B
$63M
Series B (2022): $63M with participation from FTV Capital and Headline
Key Investors in Solid.
FTV Capital
FTV Capital is a growth equity investment firm that has raised billions to invest in high-growth companies offering a range of innovative solutions in three sectors: enterprise technology and services, financial services, and payments and transaction processing.
Headline
Founded in 1998, Headline is a venture capital firm that partners with fast-growing technology teams in key geographies to make their success global. Headlines Global Growth Fund invests globally from Series B and beyond. The size and locations of these funds allow the firm to see local trends up close, meet winning founders, and lead rounds at every stage.
What's next for Solid.?
The recent major strategic investment signals a pivotal growth phase for Solid., likely enabling the company to expand its platform capabilities, enhance its market reach, and further develop its API infrastructure. This backing from established investors suggests confidence in Solid.'s model for simplifying complex banking operations and its potential to drive broader financial inclusion through technology.
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