Solid Financial Technologies, Inc is a technology company.
Solid Financial Technologies, Inc has raised $18.0M across 2 funding rounds.
Solid Financial Technologies, Inc has raised $18.0M in total across 2 funding rounds.
Solid Financial Technologies, Inc has raised $18.0M in total across 2 funding rounds.
Solid Financial Technologies, Inc's investors include Base10 Partners, Fuse, 8090 Industries, 8VC, Abstract Ventures, Accel, Advancit Capital, Antler, Chapter One Ventures, Craft Ventures, Creandum, Dreamers VC.
Solid Financial Technologies, Inc. (Solid) is a FinTech company headquartered in San Mateo, California, that builds a modern, scalable, cloud-based Banking-as-a-Service (BaaS) platform for embedded banking, payments, and card products.[1][2][3][4] It serves banks and companies by enabling them to quickly launch compliant financial offerings like checking accounts, prepaid cards, ACH, wires, and business spend tools, solving the challenges of complexity, compliance, security, and integration in FinTech ecosystems.[1][2][3] With $63 million in total funding, including a recent $63 million round, Solid demonstrates strong growth momentum, supported by a team of 138 employees and features like SOC-2 certification, PCI compliance, immutable ledgers, and developer-friendly APIs.[2][3][4]
Solid emerged from the belief that "every company is going to be a FinTech company," positioning itself as the reliable platform to make that happen through deep partnerships in the FinTech ecosystem.[2][3] Founded by a team with expertise in scaling FinTechs and platforms, the company is based in San Mateo, California, and has raised $63 million across funding rounds, reflecting early traction and investor confidence.[3][4] Key pivotal moments include building on modern cloud infrastructure to address diverse use cases for banks and companies, with a focus on granular oversight, risk controls, and seamless bank integrations that streamline diligence, onboarding, testing, and monitoring.[2][3]
Solid rides the trend of embedded finance, where FinTech ecosystems catalyze banks and companies to embed banking/payments into non-financial platforms, driving revenue through transformative change.[2][3] Timing is ideal amid rising demand for compliant BaaS amid regulatory scrutiny and market forces like real-time payments (e.g., FedNow upcoming) and the shift to cloud-native scalability.[1][2] It influences the ecosystem by simplifying banking inclusion via APIs, enabling forward-thinking banks to launch FinTech programs rapidly while maintaining control, thus accelerating industry-wide adoption of innovative financial services.[1][3][4]
Solid is poised to expand its BaaS dominance with features like FedNow and deeper ecosystem integrations, capitalizing on the "every company is a FinTech" wave through its compliant, secure platform.[2][3] Trends like AI-driven risk management, real-time global payments, and stricter regulations will shape its path, potentially growing its $63M-funded trajectory via more bank partnerships and product launches.[2][4] As embedded finance matures, Solid's influence could evolve from enabler to standard-setter, solidifying its role in powering scalable FinTech innovation for banks and companies worldwide—living up to its name as the trusted foundation.[1][3]
Solid Financial Technologies, Inc has raised $18.0M across 2 funding rounds. Most recently, it raised $12.0M Series A in October 2020.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Oct 1, 2020 | $12.0M Series A | Base10 Partners, Fuse | |
| Apr 1, 2020 | $6.0M Seed | 8090 Industries, 8VC, Abstract Ventures, Accel, Advancit Capital, Antler, Base10 Partners, Chapter One Ventures, Craft Ventures, Creandum, Dreamers VC, Equity Alliance, Eunoia Capital Partners, Fika Ventures, Flucas Ventures, Lakestar, LGF, LifeX Ventures, MaC Venture Capital, Malex Enterprises, Mantis VC, Next47, Oak HC/FT, Pioneer Fund, Presight Capital, Relay Ventures, Roosh Ventures, Seven Seven Six, Social Capital, Sound Ventures, The Hit Forge, Thirdbase Capital, Tribe Capital, Trust Fund, Vera Equity, Weekend Fund, Witz Ventures, WorkLife Ventures, Austin Ogilvie, Bradley Horowitz, Casey Neistat, Gokul Rajaram, Jay Baer, Jeff Morris, Jeff Seibert, Jim Pallotta, Jon Runyan, Marc Benioff, Michael Ma, Peter Ackerson, Ryan Chan, Sahin Boydas, Scott Belsky, Shervin Pishevar, Sung ho Choi, Tony Hawk, Valentin Gui, Wayne Chang |