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Solid raises $63m in Series B round led by FTV Capital

Solid, a fintech-as-a-service platform that offers modern infrastructure for any company to launch and scale fintech products, has raised $63 million in a Series B funding round led by FTV Capital, a sector-focused growth equity firm.

Existing investor Headline also participated in the round.

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’s vision is to make it easy to embed fintech products, with a fully abstracted fintech-as-a-service platform that provides modern developer interfaces and experiences. 

This announcement comes on the heels of unprecedented 10x growth in revenue, customer base, and transactions processed in the last 12 months, which accelerated the company’s path to profitability. 

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