Squads Raises $18M for Altitude

Squad, a financial infrastructure company, announced an $18 million strategic funding round led by Solana — Solana Ventures, with participation from several other prominent venture capital firms. This brings their total funding to $42.9 million. The capital will be used to accelerate Altitude, Squad' financial operating system built on stablecoin infrastructure. Altitude, launched in December 2025, has already processed over $200 million in payments for various clients by leveraging stablecoins for instant, low-cost settlements and integrating with licensed Payment Service Providers like Bridge, MoonPay, Infinite, and Due for traditional banking rail access. The company emphasizes that stablecoins offer a new paradigm for business finance, separating treasury and payments from the fractional reserve system, and addresses compliance and security concerns through a proprietary engine and the Squad Protocol, which secures over $10 billion in assets on Solana.