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      <p>
        Solid, a banking infrastructure provider, has raised USD 63 million in Series B funding, led by FTV Capital with participation from Headline. This round brings the company&rsquo;s total funding up to nearly USD 81 million. Although Solid did not reveal its valuation, it has reportedly grown by 5x since its Series A round (in October 2020).&nbsp;
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      <p>
        The funds will be invested in expanding the platform to several verticals including travel, logistics, construction, healthcare, education, and the gig economy.&nbsp;
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      <p>
        Over the past 12 months, the company&rsquo;s revenue, customer base, and transactions processed have grown by 10x. Solid further noted that it has processed over USD 2 billion in transactions year-to-date.
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<div>
  <p>
    <a href="https://www.prweb.com/releases/2022/08/prweb18869480.htm">
      Press release
    </a>
  </p>
  <p>
    <a href="https://techcrunch.com/2022/08/31/solid-63m-embedded-fintech/">
      Tech Crunch
    </a>
  </p>
  <p>
    <a href="https://www.finsmes.com/2022/08/solid-raises-63m-in-series-b-funding.html">
      FinSMEs
    </a>
  </p>
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All Updates

Solid raises USD 63 million in Series B funding