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Squads

Maharlika Highway, Centro Norte, Solana, Misamis Oriental, Philippines

Overview

Squads builds financial infrastructure on Solana and operates two primary products: Squads Multisig, the smart account standard, and Altitude, a financial operating system for businesses. Squads Multisig secures over $10 billion in assets across the Solana ecosystem. Altitude provides businesses multi-currency accounts, corporate cards, global payments, APY on balances, and a CFO stack, and since its public launch in December 2025 has processed over $200 million in payments. Altitude holds treasury in stablecoins, settles on stablecoin rails for instant, low-cost transfers, and routes to traditional banking rails through a network of licensed PSPs. The company emphasizes compliance and security with a proprietary compliance engine and layered controls, and plans to use recent funding to expand its team, payment network, and product roadmap. Squads has raised a total of $42.9 million to date.

Total raised
$30M
Funding rounds
3
Latest round
Equity
Latest activity
Apr 2026

Industries

  • Apps
  • Developer Platform
  • Web Development
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Recent funding

  1. Equity

    Apr 2026

    $18M

  2. Series A

    Jun 2024

    $10M

  3. Seed

    Oct 2021

    $2M

Team

  • Stepan Simkin

    Co-Founder & CEO

  • Deni Ershtukaev

    Co-Founder & COO