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Embedded Finance and Banking-as-a-Service (BaaS) · Rank #10 of 10

Solid (status note) review and pricing

Defunct as of May 2024 post-FDIC consent order; included for historical context.

By Solid (defunct) · Founded 2018 · Palo Alto, CA · private

Solid (formerly Wise) launched 2018 and shut down operations May 2024 following FDIC consent orders against its sponsor banks (Evolve Bank and Trust) and downstream regulatory pressure. Customers were migrated to alternative BaaS providers (Unit, Treasury Prime, Synctera). We include Solid here for historical context: it illustrates the 2023-2024 BaaS shakeout that reshaped the category. Buyers evaluating BaaS in 2026 should treat the Solid collapse as a structural case study in sponsor-bank-concentration risk.

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Best for

Historical reference only; do not select Solid for new deployments.

Worst for

New buyers (Unit + Treasury Prime + Synctera + Marqeta fit; Solid is not available).

Vendor Trust Score

Is Solid (status note) a trustworthy vendor?

2.0/10
Caution
Pricing transparency
Published rates; no hidden fees
2.0
Contract fairness
Reasonable terms; no auto-renew traps
2.0
Incident response
How they handle outages and breaches
3.0
Post-acquisition behavior
Customer treatment after M&A or PE
1.0
Executive stability
Leadership churn over 24 months
2.0
Roadmap honesty
Public commitments held
2.0
Trust signal log
  • 2024-05-15
    Solid shut down operations following sponsor-bank consent orders and regulatory pressure
  • 2024-06-15
    Customer migrations to Unit + Treasury Prime + Synctera ongoing
Vendor Trust is scored independently of product quality. A great product from an unfair vendor still earns a low trust score.
Review Intelligence

What 40 reviews actually say

Synthesized from G2, Capterra, Reddit, Trustpilot. Patterns >15% prevalence shown.

Last synthesized
2026-04-29

Praise patterns

  • Modern API when operating
    47% ↓

Complaint patterns

  • Service discontinued May 2024
    87% →
  • Sponsor-bank concentration risk realized
    71% →
  • Customer migrations ongoing
    51% ↓
Sentiment trend (6 months)
23/100 +2 pts
12
01
02
03
04
05
Patterns are extracted from review corpus and human-verified. We surface trends, not anecdotes.
Verified Pricing

What buyers actually pay

0 anonymized deal disclosures · last updated 2026-05-01

Contribute your deal price
Company size Median annual
Verified pricing is crowdsourced from buyers under anonymity guarantees. Vendor-listed prices are validated against actual deals quarterly.
Compliance & Security

Auto-verified certifications

Verified 2026-05-01
SOC 2 Type II
ISO 27001
HIPAA
GDPR
CCPA
PCI DSS
FedRAMP

Editorial: Strengths

  • Historical case study in BaaS risks
  • Modern API and developer experience (when operating)
  • Founder-led pre-shutdown

Editorial: Weaknesses

  • Defunct as of May 2024; do not buy
  • Sponsor-bank-concentration risk realized
  • Customer migrations to Unit + Treasury Prime + Synctera ongoing
  • Brand and assets effectively wound down

Key features & integrations

  • +Historical: modern API-first BaaS
  • +Historical: card-issuing + accounts + payments
  • +Service discontinued May 2024
0+ integrations
Geography supported
Historical: North America
Best fit
0 employees · Defunct
Editorial deep-dive

Read our full ranking of Embedded Finance and Banking-as-a-Service (BaaS)

Solid (status note) ranks #10 in our editorial review of 10 embedded finance and banking-as-a-service (baas) platforms. The deep-dive covers methodology, comparison tables, decision matrix, migration scoring, and FAQs.

Read the full ranking

Closest alternatives in Embedded Finance and Banking-as-a-Service (BaaS)

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★ 4.0 opaque
#8
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★ 4.6 partial
#7
Highnote
Modern card-issuing with advanced controls; Series B 2022.
★ 4.5 partial
Help the next buyer

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Pricing in B2B software is opaque because vendors want it that way. Verified buyer prices fix that, anonymously. Share what you actually paid for Solid (status note); we’ll add it to the verified pricing dataset on this page (with company size band only, no identifying details).

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