PALO ALTO, Calif.–A company that once called itself the “AWS of fintech” has filed for bankruptcy.

Solid Financial Technologies, which was at one point called Wise, offered banking as a service (BaaS) solutions that it said on its website enable “banks and companies to offer embedded banking, payments, and card products, in a safe, secure and compliant way,” it posted. 

As TheStreet.com noted, “Basically, Solid offers white label banking products.”

The company, which was founded in 2018, raised over $80 million and was valued at $330 million as of August 2022, TheStreet.com reported,, when it announced a $63 million Series B round of funding led by FTV.

The company has now announced, however, that it has filed for Chapter 11 bankruptcy protection.