Banking-as-a-service startup Solid (formerly called Wise) has filed for Chapter 11 bankruptcy protection, according to documents filed in the United States Bankruptcy Court for the District of Delaware on April 7. Founded in 2018, the fintech company had raised a total of nearly $81 million in funding from investors such as FTV Capital and Headline.…
Category: Solid
Global IT News, Global Security News, open source, Open Web, project liberty, Social, Solid, Startups, SXSW
Open web initiatives Project Liberty and Solid could be teaming up
Two initiatives to create a more open web, where users are in control of their own digital identities and data, may be coming together. At SXSW 2025, entrepreneur Frank McCourt, whose Project Liberty is developing open internet infrastructure (and is throwing its hat in the ring as a potential buyer for TikTok), announced that his…