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BaaS startup Solid files for bankruptcy

Summary by bankingdive.com
Arjun Thyagarajan, the company's CEO and co-founder, filed for Chapter 11 in a Delaware court, citing “costly litigation” and an inability to raise capital since 2022.

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BaaS startup Solid files for bankruptcy

Arjun Thyagarajan, the company's CEO and co-founder, filed for Chapter 11 in a Delaware court, citing “costly litigation” and an inability to raise capital since 2022.

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bankingdive.com broke the news in on Wednesday, April 16, 2025.
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Bankruptcy

Bankruptcy

Wilmington, Delaware

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