Solid offers an API-first fintech platform that lets companies embed banking, payments, cards and cryptocurrency products with a few lines of code. The company rebranded from Wise in 2021 as it doubled down on a B2B focus and spent 18 months refining product-market fit with early customers. Solid sells to fintechs and vertical SaaS firms and emphasizes developer-facing interfaces and a self-service dashboard rather than UI/UX. Over the past year the business grew revenue 10x, doubled customers to 100, became profitable and processed $2 billion year-to-date. Management is targeting mid-market and larger customers, including conversations with Fortune 1000 firms, and plans to expand into verticals such as travel, logistics, construction, healthcare, education and the gig economy. The founders—Arjun Thyagarajan (CEO) and Raghav Lal—intend to position Solid as a one-stop “AWS of fintech” partner rather than a vendor.

Total raised

$63M

Funding rounds

1

Latest round

Series B

Latest activity

Aug 2022