Thread by @grokxai

Businesses no longer need a bank account.
We've raised $18M on this bet.

Go altitude.xyz

Altitude is a financial OS for businesses, built entirely on stablecoin infrastructure.

One account, multi-currency support, stablecoin and banking rails, payments, APY on balances, and a CFO stack to run it all.

A complete financial operations platform. No bank in the middle.

We’ve processed $200M in payment volume since December, serving businesses across 50 countries.

The round was led by @SolanaVentures, deepening our partnership that goes back to when we launched Squads in 2021, with support from @cbventures, @HaunVentures, @L1D_xyz, @Collab_Currency, @ElectricCapital, @placeholdervc, @jump_, and @robotventures.

More: altitude.xyz/blog/squads-ra…

Every modern "business bank" is a software layer on top of a bank. They are all racing to be the best wrapper on someone else’s balance sheet.

We are not in that race.

A new technology stack is here that allows us to build the next generation of financial services without legacy constraints.

To move from a bank wrapper to a financial OS on stablecoin rails, you need to solve for custody, money movement, and ledgering.

Here’s how we approach all three at Altitude.

For asset custody, Altitude is built on @multisig’s nested smart account system that secures both the business account and each individual user.

Every business account has programmable policy controls, granular permissions, and multi-party approvals.

Individual user accounts are 2/4 by default, with passkeys and email signers via enterprise-grade key management providers @privy_io and @turnkeyhq. To enhance security, users can add hardware signers like Ledger and YubiKey.

The result: vendor diversity, redundancy, and full self-custody for every business on Altitude.

For money movement across ACH, SEPA, Wire, and SWIFT, Altitude runs on a network of stablecoin orchestration providers.

In addition to our long-standing partner @Stablecoin, we’ve expanded the partner network to include @iron (a @moonpay company), @Infinite, @ModernTreasury, and @due_network, extending global coverage.

This is all powered by the Altitude compliance engine. Sanctions screening, AML checks, transaction monitoring, KYB verification. Applied to every account and every transaction.

For ledgering and settlement, Altitude is built on top of the Solana blockchain.

Every transaction is recorded and settled on Solana, instantly, 24/7. We make the chain invisible while using it to power global business finance at scale.

Altitude is what modern finance looks like. You are in full control, your assets are not fractionally reserved, and your money is as global as your business.

Businesses no longer need a bank account. They just need to operate at Altitude.

Go higher: altitude.xyz

Altitude is a financial technology platform, not a bank.

Subject to availability ↓
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