Solid

Overview
News
FinTech Infrastructure?
Product stageSegments
Early
?
Banking services
?

Solid, formerly known as Wise, provides a no-code/low-code FinTech infrastructure platform for software-as-a-service (SaaS), Fintech, ecommerce, and other digital businesses to embed banking services. Its solutions range across bank accounts, crypto wallets, payments, and issuing and managing cards.


Key customers and partnerships


Solid collaborates with BBVA USA to offer its clients a Federal Deposit Insurance Corporation (FDIC) insured checking account (up to USD 250,000) and Visa debit cards that allow users to store, spend, receive, and send money. It also works with Stripe and other firms to enable additional payment features.

The company caters to enterprises of all sizes, and as of August 2022 its customers included Plate IQ, Paystand, Shifl, Everflow, Lumanu, and Starlight, among others.


Funding and financials

Solid raised USD 63 million in Series B funding in August 2022, led by FTV Capital, to invest in expanding the platform to several verticals including travel, logistics, construction, healthcare, education, and the gig economy. The company also noted that its revenue, customer base, and transactions processed grew by around 10x over the trailing 12 months, while it had processed over USD 2 billion in transactions year-to-date.

HQ location:
2955 Campus Dr #110 San Mateo CA USA
Founded year:
2019
Employees:
101-250
IPO status:
Private
Total funding:
USD 80.8 mn
Last Funding:
USD 63.0 mn (Series B; Aug 2022)
Last valuation:
-
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