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
Recent funding
Equity
Apr 2026
$18M
Series A
Jun 2024
$10M
Seed
Oct 2021
$2M
Team
Stepan Simkin
Co-Founder & CEO
Deni Ershtukaev
Co-Founder & COO