Squads
Squads Labs builds stablecoin-native products on Solana—multisig treasury, global business accounts, developer APIs, and consumer wallets—serving Web3 teams, businesses in 150+ countries, fintech builders, and individuals via formally verified smart accounts.
- Company typePrivate
- Founded2021
- HeadquartersSolana, Philippines
- Headcount11–50
- GTM typeB2B and B2C
- OfferingSoftware
What Squads does
Squads Labs is a financial technology company founded in 2021 that builds products and APIs for the stablecoin economy on the Solana blockchain. Its technology stack centers on Squads Protocol, a formally-verified autonomous finance layer using smart accounts secured by Solana's 1,000+ validators, which powers four customer-facing products: Squads Multisig (a multisig treasury platform securing $15B+ across 450+ teams), Altitude (a global stablecoin-native business account for payments, yield and treasury available in 150+ countries), Grid (a developer-facing stablecoin API for accounts, payments, cards and yield used by 400+ developers), and Fuse (a consumer smart wallet with a Visa prepaid card). The company monetizes through tiered subscriptions ($49/month Pro, custom Enterprise contracts), a one-time 0.05 SOL deployment fee on the Multisig Basic tier, Grid usage-based pricing at approximately $0.01 per transaction, and transaction- and yield-based economics on Altitude and Fuse, supplemented by partner rails from Bridge, Coinbase and Jupiter. Squads' go-to-market combines product-led self-serve onboarding with direct enterprise sales, API-first distribution to fintech builders, and embedded distribution via partners such as Privy (90M+ accounts) and Coinbase (USDC default across the product suite). The company is privately held, incorporated as Selimor Investments Limited in the British Virgin Islands, and has raised $42.9M in cumulative funding from Multicoin Capital, Placeholder, Electric Capital, Solana Ventures, Coinbase Ventures, Haun Ventures and others.
Squads firmographics
Firmographics- Name
- Squads
- Legal name
- Selimor Investments Limited
- Website
- https://squads.xyz
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Squads Labs builds stablecoin-native products on Solana—multisig treasury, global business accounts, developer APIs, and consumer wallets—serving Web3 teams, businesses in 150+ countries, fintech builders, and individuals via formally verified smart accounts.
- Ownership category
- akta.pro rank
Squads industry classification
Industry- Product category
- Stablecoin Banking Infrastructure
- akta.pro primary industry
- Reserve Management, Custody & Segregated Accounts (Backing Infrastructure) (FSADADAD)
Keywords
Where Squads is headquartered
LocationHeadquarters
- HQ city
- Solana
- HQ country
- Philippines
- HQ region
- Asia
Offices2 records
Markets served
Squads business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations
Revenue model
- Squads Multisig Pro subscription: Recurring monthly subscription at $49/month for the Pro tier (with a 30-day free trial), unlocking permissions, payments, sub-accounts, SquadsX browser extension, paymaster for gas abstraction, spending limits and token management.
- Squads Multisig Enterprise contracts: Custom-priced multi-year contracts for Enterprise tier covering unlimited smart accounts, assisted onboarding, custom implementations, premium 24/7 support, reporting and compliance integrations.
- Squads Multisig Basic one-time deployment: Free Basic tier monetized via a one-time 0.05 SOL deployment fee for the smart account.
- Grid platform usage: Developer-facing stablecoin API for accounts, payments, cards and yield with an average transaction cost of $0.01; pricing not publicly disclosed (see FAQ) and addressed via contact sales motion.
- Altitude business accounts: Altitude is positioned as a freemium/transaction-based revenue stream for global business accounts delivering payments (ACH, Wire, SEPA, stablecoins), earning rewards and corporate cards; platform promotes "no platform fees" while monetizing via partner rails and yield.
- Fuse consumer wallet and Fuse Card: Self-custodial personal finance app for stablecoins and tokenized assets, with a virtual Visa prepaid card (Fuse Card) issued via partners (Bridge Ventures, LLC and Lead Bank) enabling consumer stablecoin spend.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Squads Multisig Basic: free plan, 0.05 SOL one-time deployment fee |
| Subscription | Monthly | Squads Multisig Pro: $49/month with 30-day free trial |
| Subscription | Multi-year contract | Squads Multisig Enterprise: custom pricing |
| Usage-based | Pay-as-you-go | Grid API: not publicly disclosed, usage-based |
| Freemium | Pay-as-you-go | Altitude: no platform/conversion fees on payments, with yield-based rewards |
Go-to-market motion5 records
Distribution channels6 records
Marketing channels7 records
Squads product offering
Product offeringCore offering
Squads Labs is a financial technology company building products and APIs for the stablecoin economy on Solana. Its core offerings include Squads Protocol (a formally-verified autonomous finance layer), Squads Multisig (multisig treasury platform securing $15B+ for 450+ teams), Altitude (a global stablecoin-native business account for saving, earning and moving money), Fuse (a consumer wallet app with Visa card), and Grid (a developer-facing stablecoin API for accounts, payments, cards and yield).
Product overview
Squads is a financial technology company (Squads Labs, operating entity Selimor Investments Limited in the British Virgin Islands) building products and APIs for the stablecoin economy. Its architecture is a platform-plus-modules offering: Squads Protocol is the formally-verified autonomous finance layer on Solana that powers all Squads products; Squads Multisig is the multisig treasury platform that secures $15B+ in assets for 450+ teams; Altitude is the core business-finance product (a global stablecoin-native USD/EUR business account); Fuse is the consumer personal finance app (with the Fuse Card for real-world spending); and Grid is the developer-facing stablecoin API that lets third-party fintechs, neobanks and Solana apps embed accounts, payments, cards, policies and yield. The platform was founded as a Solana DAO infrastructure project in 2022 and has progressively added institutional yield, multicurrency stablecoins, agentic AI-driven workflows and a stablecoin-native corporate banking stack.
Differentiator
Problem solved
Functional benefit
Brands
- Altitude: A global business account to save, earn and move money, built on stablecoin infrastructure for businesses in 150+ countries.
- Fuse
- Grid
- Squads Multisig
- Squads Protocol
Products and services
- Squads Protocol The autonomous finance layer built on Solana. A formally-verified, blockchain-native operating system of smart accounts that delivers programmable payments, 24/7 USD liquidity, competitive yields, and security enforced by Solana's 1,000+ validators. Secures more than $15 billion in assets and has processed over $5 billion in stablecoin transfers.
- Squads Multisig The premier multisig platform on Solana for teams to secure and manage digital assets, treasury operations, validator keys, token mints, and program upgrades. Features transaction approval thresholds, team access controls, sub-accounts, integrated trading, spending limits, third-party payouts, virtual bank accounts, and off-ramps. Trusted by 450+ teams securing $15B+ in value.
- Altitude A global, self-custodial, stablecoin-native business account to save, earn and move money. Available in 150+ countries, Altitude offers multi-currency accounts (USDC, EURC), ACH/Wire/SEPA/stablecoin payment rails, corporate cards, virtual US/EU bank accounts, bill pay, treasury management, 24/7 FX via Jupiter, bitcoin holdings via cbBTC, and yield products (Altitude Rewards up to 5.00% APY). Since its December 2025 public launch, Altitude has processed over $200 million in payments.
- Fuse A personal finance app for stablecoins and tokenized assets, including the Fuse smart wallet on Solana and the Fuse Card (Visa prepaid card for spending USDC anywhere). Self-custodial, supports wallet recovery via 2FA and passkeys, and connects stablecoins and tokenized assets to fiat rails via third-party services including Bridge Ventures and Lead Bank.
- Grid Grid is the stablecoin API for accounts, payments, cards and yield. Provides developers with fault-tolerant smart accounts, gas abstraction (USDC-paid or app-sponsored fees), programmable policies (spend limits, approvals, KYB/KYC gates), integrated payment rails (stablecoins, ACH, Wire, SEPA), card infrastructure, RWA and DeFi yield integrations, and unified reconciliation across all rails. Trusted by 400+ teams securing $15B+.
Quantifiable outcome
- Over $200M in payments processed via Altitude since its December 2025 public launch.
- +6 more outcomes
Companies that use Squads
Customer profileSegments5 records
Ideal customer profiles5 records
Squads technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration23 records
AI capability8 records
Feature7 records
Squads partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered flagship, core and minor.
- PrivyflagshipEmbedded wallet infrastructure partner; Privy integrated Grid's Gas Abstraction API to enable gas sponsorship on Solana for its embedded-wallet applications across its 90M+ accounts. Privy is a Stripe company.
- CoinbaseflagshipStrategic partnership to accelerate USDC adoption: USDC is the default stablecoin across Altitude, Fuse and Grid. Squads already secures over $1B in USDC across its products (~15% of Solana USDC supply); Coinbase's cbBTC is also integrated into Altitude for BTC treasury management.
- Bridge (Bridge Ventures, LLC / Bridge Building Inc, NMLS # 2450917)flagshipPrimary stablecoin transaction partner for Altitude: enables ACH/Wire/SEPA connectivity and powers Altitude Rewards (US Treasury-backed yield, BlackRock-managed, Stripe-owned). Also serves as banking partner for the Fuse Card via Lead Bank.
- JupitercoreIntegrated as the liquidity aggregator and routing protocol on Solana inside Altitude, enabling 24/7 FX between USDC and EURC and instant swaps of SOL, USDC and EURC.
- SumsubcoreKYC/KYB and biometric identity-verification partner for Altitude users; processes identity documents, biometric data, and UBO information and provides risk scoring.
- BlackRockcoreManages the US Treasuries underlying Altitude Rewards (5.00% APY product powered via Bridge), giving Squads' customers indirect exposure to BlackRock-managed yield.
- Plume (Nest vaults)coreProvides Institutional Credit exposure through public and private credit funds from issuers like WisdomTree and Hamilton Lane via Plume's Nest vaults, accessible inside Altitude Earn (launching Q1 2026).
- Kamino (lending vault)coreProvides onchain credit market access inside Altitude Earn, with risk management by Gauntlet. Also integrated via SquadsX browser extension.
- SphereminorOff-ramp partner enabling Squads users to convert stablecoins to fiat directly to traditional bank accounts ("Sphere: Off-Ramp From Stables To Fiat").
Scale indicators15 records
Recent moves8 records
Expansion highlights7 records
Squads competitors and assessment
Company assessmentBroad incumbents
- MoonPay: MoonPay provides on/off-ramps, card issuance and consumer crypto payments infrastructure. It competes with Fuse in consumer stablecoin spending and with parts of Grid for fiat-to-stablecoin onboarding.
- Coinbase: Coinbase operates a major crypto exchange, USDC issuance with Circle, and a growing suite of business banking and developer APIs (including cbBTC). It is both a Squads strategic partner (USDC default) and a broad incumbent that could compete with Altitude in business stablecoin banking.
- Anchorage Digital: Anchorage is a federally chartered crypto bank providing custody, staking and trading services for institutions. It competes broadly with Squads Multisig and Squads Protocol in the digital asset custody and treasury infrastructure market, with deeper regulatory positioning.
- Bridge (Stripe): Bridge provides stablecoin API infrastructure and fiat on/off-ramps for businesses. It is a critical Squads partner powering Altitude Rewards and Fuse Card, while also competing more broadly as a stablecoin-rails provider for fintechs.
Direct peers
- Turnkey: Turnkey provides embedded key-management and wallet infrastructure for developers, including non-custodial and hybrid account models. Listed as a compatible key-management partner for Grid, Turnkey is a comparable developer-facing crypto infrastructure provider.
- Fireblocks: Fireblocks provides custody, treasury management and payments infrastructure for digital assets, including stablecoin operations and policy-based transaction approvals. It competes directly with Grid and Altitude in serving institutional and fintech clients moving stablecoins at scale.
- BVNK: BVNK builds stablecoin payments infrastructure for businesses, including cross-border payouts and business accounts. Validated by Mastercard's announced $1.8B acquisition, BVNK is the most direct comparable to Altitude as a stablecoin-native business banking platform.
- Safe (formerly Gnosis Safe): Safe is the dominant smart-account/multisig platform for Ethereum and EVM chains, trusted by major DAOs and treasuries to secure billions in digital assets. Safe is the closest direct competitor to Squads Multisig and Squads Protocol, but on the EVM stack rather than Solana.
- Privy: Privy (a Stripe company) provides embedded wallet infrastructure for applications, including on Solana. Privy is both a Grid integration partner (using Gas Abstraction) and a competing embedded-wallet provider for developers building stablecoin-powered apps.
Emerging players
- Particle Network: Particle Network provides smart-account-as-a-service and account abstraction infrastructure across multiple chains, including Solana. It overlaps with Grid on developer-facing smart account and gas abstraction APIs, positioning as a multi-chain alternative.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Squads social profiles
Digital presenceSquads compliance and trust
Trust signalCompliance5 records
Squads financial estimates
Financial estimateRevenue estimate
Valuation estimate
Squads leadership team
Management profileNumber of profiles
Profiles2 records
Squads funding detail
Funding detailFunding overview
Funding rounds8 records
Investors26 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Squads M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Squads
What does Squads do?
Squads Labs is a financial technology company building products and APIs for the stablecoin economy on Solana. Its core offerings include Squads Protocol (a formally-verified autonomous finance layer), Squads Multisig (multisig treasury platform securing $15B+ for 450+ teams), Altitude (a global stablecoin-native business account for saving, earning and moving money), Fuse (a consumer wallet app with Visa card), and Grid (a developer-facing stablecoin API for accounts, payments, cards and yield).
Is Squads a public or private company?
Squads is a private company. It is classified as venture growth investor backed and is currently operating.
When was Squads founded?
Squads was founded in 2021. It employs 11 to 50 people.
Where is Squads based?
Squads is headquartered in Solana, Philippines, in the Asia region.
How does Squads make money?
Six revenue lines are on record. Squads Multisig Pro subscription is the primary driver. The others are squads Multisig Enterprise contracts, squads Multisig Basic one-time deployment, grid platform usage, altitude business accounts and fuse consumer wallet and Fuse Card.
Who are Squads's main competitors?
Broad incumbents on record are MoonPay, Coinbase, Anchorage Digital and Bridge (Stripe). Direct peers are Turnkey, Fireblocks, BVNK, Safe (formerly Gnosis Safe) and Privy. Particle Network is listed as an emerging player.
Does Squads have an API?
Yes. Grid is Squads' public developer-facing stablecoin API for accounts, payments, cards, policies and yield. Developers send JSON rule sets or interact with the program directly to create fault-tolerant smart accounts with email-based onboarding, Passkey 2FA, gas abstraction (user pays in USDC or application-sponsored), programmable policies (spend limits, approvals, KYB/KYC gates), and integrated payment rails (stablecoins, ACH, Wire, SEPA). Grid handles key management with vendor diversity and automatic failover, supports self-custody, non-custodial and hybrid account models, and exposes unified reconciliation across all rails. Public availability launched in September 2025; pricing varies by usage. Developer documentation is at grid.squads.xyz/welcome.
What industry is Squads in?
Squads's product category is Stablecoin Banking Infrastructure. Its primary akta.pro industry code is FSADADAD, Reserve Management, Custody & Segregated Accounts (Backing Infrastructure).