About SolidFi
SolidFi is a Financial Services company based in San Mateo (United States) founded in 2018 by Raghav Lal. Core banking solutions are provided for banks and eCommerce businesses. SolidFi has raised $80.7 million across 3 funding rounds from investors including Techstars, FTV Capital and Headline. Its focus areas include FinTech, Banking Tech, Open Banking and Banking APIs. Its legal entity is Solid Financial Technologies, Inc. Its competitors include Zeta, Finix and Apiture; 3 of its 3 listed competitors have raised funding.
Company details
Solid was founded in 2018 in San Mateo, United States, as a provider of core banking solutions within the fintech sector. Services are offered to banks, financial institutions, and eCommerce businesses, enabling the development of digital banking products. Key features include digital account creation, payment card issuance, customer engagement APIs, digital payment processing, account origination, and lifecycle management across operations.
- Headquarters San Mateo, United States
- Founders Raghav Lal
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website solidfi.com
- Social LinkedIn X Facebook
- Legal Name Solid Financial Technologies, Inc.
- Total Equity Funding$80.7M (USD)
in 3 rounds
- Latest Funding Round$63M (USD), Series B
Aug 2022
- InvestorsTechstars
& 5 more
Funding Insights of SolidFi
SolidFi has successfully raised a total of $80.7M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $63 million completed in August 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $80.7M
- Total Rounds 3
- Last Round Series B — $63M
- First Round $5.7M
(Feb 2020)
- Investors Count 6
All 3 funding rounds of SolidFi with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2022 | $63M | Series B | – | FTV Capital | |
| Oct 2020 | $12M | Series A | – | e.ventures | |
| Feb 2020 | $5.7M | Seed | – | Base10 Partners |
6 investors in total: 6 institutional.
Investors in SolidFi
SolidFi has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Techstars, FTV Capital and Headline.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investment firm | ftvcapital.com | San Francisco, United States | ||
Investments are made in early-stage tech startups across multiple sectors. | headline.com | San Francisco, United States | ||
Seed-to-late-stage US tech investments are managed by Grishin Robotics. | grishinrobotics.com | Menlo Park, United States | ||
Investments are managed by Base10 Partners in technology for the real economy, with operations in finance, food, retail, and related sectors. | base10.vc | |||
Startups are accelerated globally without sector restrictions through structured programs. | 2006 | techstars.com | New York, United States | |
Website design, digital marketing, SMM, and SEO services are provided. | e.ventures | Williams Lake, Canada |
Investor details for SolidFi
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People of SolidFi
15 people are tracked at SolidFi (6 in leadership, 9 in team).
| Name | Role | Group |
|---|---|---|
Raghav Lal | Co-Founder | Leadership |
Arjun Thyagarajan | CEO | Leadership |
Anika Heron | Co Founder & Director Brand Strategy | Leadership |
Abi John | Head of Operations | Leadership |
Manu Prasanna | Head of Growth | Leadership |
Cosme Salazar | Director of Sales | Leadership |
Binta Manjang | Small Business Specialist | Team |
Nizam Niz | Associate operations SDU | Team |
Manjunath G | Sr Associate Operation SDU | Team |
Sani Akondo Rudro | Public Relations Manager | Team |
Tony Baker | Outreach Coordinator | Team |
Vinay Chandra | Associate Manager - Operations | Team |
Sudhir Clement | Customer Service Associate | Team |
John Jacob | Risk and Compliance Associate Manager | Team |
Thiyagaraj Radhamanalan | Assistant Operations Manager | Team |
Complete people profiles for SolidFi
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of SolidFi
3 dated milestones of SolidFi across 4 years, from founding to its latest funding, stage changes and deals.
- Founded SolidFi is founded.
- Funding First funding round of $5.7M.
- Funding Latest funding round, Series B, of $63.0M.
Competitors of SolidFi
SolidFi has 3 listed competitors in our database, 3 of them funded. They include Zeta, Finix and Apiture.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| zeta.tech | 2015 | San Ramon, United States | $390M | 1,278 | Payment and banking solutions are provided to users and banks. | |
| finix.com | 2015 | San Francisco, United States | $200.5M | 118 | API-enabled platform for business payment processing is provided. | |
| apiture.com | 2017 | Wilmington, United States | $59.71M | 258 | Open banking APIs are delivered to financial institutions and banks. |
Detailed competitors of SolidFi
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of SolidFi
The website of SolidFi (solidfi.com) receives about 1.6K visits a month.
- Monthly visits1.6K
▼ 8.3% vs previous month
Websites whose visitors overlap most with SolidFi. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| bond.tech | 62% | 12.6K | #1,913,216 | View details |
Top companies in Banking & FinTech Platforms
3 companies that operate in the same segment as SolidFi (Banking & FinTech Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | USD 2.71 M | 1,807 | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.15 B | USD 1.96 B | 2,516 | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | 237 |
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Related news about Solidfi
Complete news archive for SolidFi
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Frequently Asked Questions about SolidFi
SolidFi was founded in 2018 and raised its 1st funding round 2 years after it was founded.
SolidFi is headquartered in San Mateo, United States. It is registered at San Mateo, California, United States.
SolidFi is a funded company, having raised a total of $80.7M across 3 funding rounds to date. The company's 1st funding round was a Seed of $5.7M, raised on Feb 2020.
Solid was founded in 2018 in San Mateo, United States, as a provider of core banking solutions within the fintech sector. Services are offered to banks, financial institutions, and eCommerce businesses, enabling the development of digital banking products. Key features include digital account creation, payment card issuance, customer engagement APIs, digital payment processing, account origination, and lifecycle management across operations.
SolidFi has 6 investors. Key investors include Techstars, FTV Capital, Headline, e.ventures, and Grishin Robotics.
SolidFi operates through Solid Financial Technologies, Inc..