Financial services coverage

Solid Financial Technologies Liquidates After No Buyers Emerge for $330M BaaS Platform

Solid Financial Technologies, a VC-backed BaaS startup that peaked at a $330M valuation, filed chapter 11 in April 2025 and confirmed a Subchapter V liquidation plan in November 2025. No buyers emerged from the sale process. GUCs face 34.7%–100% recovery; preferred equity may recover up to 72%.

Subchapter V

Financial services coverage

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