What does fintech have to do with cooking? In this podcast, a lot! This week I talk to Solid Founder and CEO Arjun Thyagarajan about living the American dream, the right recipe for a successful fintech business and how fun is always the most important ingredient.
For those of you who may not know, Solid is a modern fintech company providing infrastructure as a service for any aspiring fintechs looking to go to market quickly and successfully. Coined by Arjun as “the AWS of fintech,” Solid offers the following core products to any and all of their users:
· Banking
· Payments
· Card issuance
· And cryptocurrency
They are use case agnostic and have an ideal offering for just about any company challenged with the art of payments and getting paid. According to Arjun, Solid offers “the best-in-class ingredients for each company’s individual recipe” and they tout themselves as being in the business of simplifying fintech. As for their competitive advantage, it revolves predominantly around their one-stop shop offering that includes a simplistic strategy, agnostic platform, and consultative approach.
Also worthy of mention? Solid just closed a $63 million funding round, reached $10 million in annual revenue, and officially became profitable (all this year), after founding in 2019 and going to market in 2020.
Tune in this week to hear Arjun talk about his journey to CEO and where he sees the industry going in the next 2 to 3 years, including fintech then and now, the upcoming embedded experiences to rival even the seamless Uber approach, and how fintech as a whole is not even one percent done. We also talk about his tried-and-true business and life philosophy: If you’re having fun, results will follow.
