COMPANY PROFILE

Solid

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Modern banking platform to instantly create bank accounts & cards for your customers

San Mateo, United StatesFounded 2018Fintech

Revenue $10–50M Latest reported FY

Headcount 100–500 Current team size

Total funding $50–100M Disclosed equity funding

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About Solid

SolidFi is a financial technology (FinTech) company that provides a modern, flexible, and scalable card issuing platform. The company operates in the banking-as-a-service (BaaS) market, offering a comprehensive suite of services that include instant card issuance, dynamic spend controls, just-in-time funding, built-in rewards, and PCI-compliant software development kits (SDKs). These tools allow businesses to launch their own card offerings with ease.

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SolidFi's primary clients are other FinTech companies. The company partners with several banks to provide a robust compliance program, which enables these FinTech firms to onboard and monitor their operations effectively. This partnership also allows banks to offer banking, payment, and card issuance services to SolidFi and its FinTech clients.

The company's business model revolves around managing all BaaS infrastructure needs for its clients, allowing them to focus on their core FinTech operations. SolidFi makes money by offering these services, which include risk, compliance, and operational support available 24/7/365.

SolidFi also provides best-in-class developer interfaces and experiences through its Dashboard, APIs, Apps, and SDKs. This makes it easier for FinTech developers to build, launch, and scale their offerings quickly while staying compliant with banking regulations.

In terms of security, SolidFi ensures that bank-level security comes built-in with features like encryption and atomicity, consistency, isolation, and durability (ACID). This means that clients can trust SolidFi with their sensitive financial data.

Source: Dealroom company data