By working with fintech enablers like i2c, Solid offers SMEs, FIs, and neobanks a compliant, managed solution to support a variety of payments use cases on a single, digital first platform. Solid’s extensive network of sponsor banks and fintech partnerships de-constitutes traditional banking buildouts, so that clients can leverage simplified APIs to launch curated programs faster than ever before.

“i2c and Solid are aligned in our belief that the future of financial services lies in unlocking its complexity for fintechs of all sizes to offer embedded payments solutions at the quickest time to market,” said Sarah Flood, VP Fintech Business Development, i2c Inc. Adding, “We’re excited to work with BaaS providers like Solid in bringing differentiated payments capabilities to new companies in innovative ways.”

“We chose i2c as our issuing-processing partner because of their global reputation of unparalleled reliability, security, and decades of experience within the payments industry,” said Solid president, Raghav Lal, adding, “Solid is working to reimagine partnership and access to fintech services, and i2c is an integral partner in making our FaaS vision come to life.”

The combined platform and software capabilities of the two companies will allow third parties to build and launch deposit products, such as business and consumer checking accounts, instantly issue debit, credit, and prepaid cards both physically or virtually, and process transactions in real time.