Led by FTV Capital, a sector-focused growth equity firm with nearly 25 years of experience investing in financial technology, the funding will accelerate Solid's expansion into fintech-ready verticals such as travel, logistics, construction, healthcare, education, and the gig economy. Existing investor Headline also participated in the round.

Solid is a modern fintech infrastructure provider - a one-stop shop that offers a fully integrated and compliant suite of fintech services. 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.