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Solid

1646 Sugarloaf Drive
San Mateo, CA 94403
USA
Website Company Summary Management Team
Management

CEO: Arjun Thyagarajan (12/1/2018)
President/COO/Operations: Raghav Lal (12/31/2019)
Finance: Varun Gupta (04/30/2022)
Technology: Suresh Venkatraman (2019)
Board

Company

Business description: Solid is a modern fintech infrastructure provider – a one-stop shop that offers a fully integrated and compliant suite of fintech services – think AWS for FinTech or simply FinTech-as-a-service! On Solid's fully managed infrastructure, any company can quickly build and launch embedded fintech products such as bank accounts, crypto wallets, payments, and cards to their users. The company owns the experience and has little or no regulatory overhead. Integration is a light technical lift, a matter of calling modern APIs and a few lines of code, facilitating lightning-fast speed to market. Solid's clients include established FinTechs (such as Plate IQ and Paystand), SaaS leaders (such as Shifl and Everflow), and rapidly growing startups (such as Lumanu and Starlight). Headquartered in San Mateo, CA, Solid is backed by FTV Capital, Headline, Base10, Grishin Robotics, and Abstract Ventures.
Capital

Rounds: 5
Recent Fundings: Aug 2022   Oct 2020
Capital raised: 80.82M
Last Round: 63.0M
Ownership: Private  
VCs include: MassiveFTV CapitalTechStars Headline Grishin Robotics Abstract VenturesBase10 Partners ;  Backend Capital ;  The Fund ;  Bossanova Investimentos;  Techstars NY City Accelerator
Angels/other VCs: Inaki Berenguer (CoverWallet);  Lawrence Chu (Goodwin Procter);  Michael Vaughan (Vermo);  Jonathan Weiner (Oak HC/FT)
Private equity: Two Culture Capital

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Overview
Record updated: Aug 2022
Sector: FinTech
Year Founded: 2018
Headcount: 76-100 as of Aug 2022
Rounds: 5
Recent Fundings: Aug 2022   Oct 2020
Capital Raised: 80.82M
Last Round: 63.0M
Ownership: Private