Announced
Completed
Financials
Sources
Tags
Private
FinTech
Completed
Domestic
Minority
fintech
Private Equity
Single Bidder
United States
Friendly
Venture Capital
Acquisition
Synopsis
FTV Capital, an equity investment firm, led a $63m Series B round in Solid, a fin-tech firm, with participation from Headline. "With over two decades of investing in category-defining fintechs, FTV has been closely following the rise of banking-as-a-service, or BaaS. Solid is meeting a real market need for modern fintech infrastructure, delivering a best-in-class platform that encompasses technology, compliance and everything in between. The company's strong financial position, explosive growth, and caliber of clients speak for themselves, and we are delighted to back the leading fintech-as-a-service platform with unmatched leadership and a commitment to compliance, technology, and customer experience," Robert Anderson, FTV Capital Partner.
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