# Solid Financial Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/solid-financial-technologies

- Industry: Financial Services
- Headquarters: Palo Alto, US
- Website: www.solidfi.com
- Total disclosed funding: $81M
- Latest round: Series B (Jul 25, 2022)
- Investors on record: 9

## About

Based in the US, Solid Financial Technologies is an embedded FinTech platform that provides banking, payments, and card issuance solutions to banks and businesses, aiming to enhance financial services and streamline operations.Solid Financial Technologies, Inc. was founded in 2019 and is headquartered in Palo Alto, US. The company specializes in integrated financial solutions, enabling clients to optimize their banking and payment systems. On April 10, 2025, Solid Financial Technologies, Inc. discontinued its operations after securing USD 63.00 mn in a Series B funding round, led by FTV Capital, which contributed to the company’s total amount raised of USD 63.00 mn and current company valuation of USD 276.094 mn.Solid Financial Technologies, Inc. specializes in providing a comprehensive embedded FinTech platform designed to facilitate banking, payments, and card issuance for both banks and businesses. The core product suite includes features such as programmatically opened Master and Sub Accounts, Checking Accounts, Cash Accounts, and Prepaid Accounts, which are designed to help clients manage their financial offerings efficiently. The platform supports a variety of payment methods, including ACH, Wire, and FedNow, which enhance transaction capabilities for users. Solid's infrastructure allows banks and companies to integrate embedded financial solutions seamlessly, catering to a diverse client base that includes financial institutions and corporate entities seeking to innovate and enhance their financial service offerings. The company serves primarily markets in North America, with additional reach into select international territories, facilitating financial services that meet compliance and security standards.Solid generates revenue through transactions processed on its platform, which operates under a model that supports partnerships with banks and businesses. Clients access Solid's services through a comprehensive set of offerings that include banking as a service and payment solutions, with structured partnerships often entailing service fees tied to transaction volumes. For instance, businesses utilizing the platform may incur fees related to card issuance or transaction processing, directly linked to the use of Solid’s banking infrastructure. The platform's capabilities to facilitate real-time payments and account management enhance client engagement and retention, contributing to ongoing revenue streams from both financial institutions and corporate partners. Solid's transactional framework allows for scalable financial services, ensuring that users can adapt to increasing demands while maintaining compliance and security across all operations.In April 2025, Solid Financial Technologies, Inc. discontinued its operations.

## Funding rounds

- Series B, Jul 25, 2022, $63M — FTV Capital, Headline
- Series A, Oct 8, 2020, $12M — Headline, Techstars, Grishin Robotics, Base10 Partners
- Seed, Apr 29, 2020, $5.7M — Techstars, Abstract Ventures, Base10 Partners, Everywhere Ventures, Two Culture Capital, Backend Capital

## Investors

- Techstars (https://capitalatlas.ai/funds/techstars) — Seed, Series A
- Abstract Ventures (https://capitalatlas.ai/funds/abstract-ventures) — Seed
- Base10 Partners (https://capitalatlas.ai/funds/base10-partners) — Seed, Series A
- Everywhere Ventures (https://capitalatlas.ai/funds/everywhere-ventures) — Seed
- Two Culture Capital (https://capitalatlas.ai/funds/two-culture-capital) — Seed
- Backend Capital (https://capitalatlas.ai/funds/backend-capital) — Seed
- Headline (https://capitalatlas.ai/funds/headline) — Series A, Series B
- Grishin Robotics (https://capitalatlas.ai/funds/grishin-robotics) — Series A
- FTV Capital (https://capitalatlas.ai/funds/ftv-capital) — Series B