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Announced

Completed

FTV Capital led a $63m Series B round in Solid.

Financials

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Transaction Value£53m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

FinTech

Completed

Domestic

Minority

fintech

Private Equity

Single Bidder

United States

Friendly

Venture Capital

Acquisition

Synopsis

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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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