Solide Finance expands to Geneva to revolutionize cross-border payments

Solide Finance, a fintech company transforming cross-border payments, has established its operations in Western Switzerland, marking a significant milestone in its mission to help banks modernize their international payment systems.

Solide Finance was founded by Myriam Honnay, an entrepreneur with extensive experience in corporate finance, and Olivier Scherrer, an engineer with 15 years in designing systems for major financial institutions. Together, they created a solution to address the inefficiencies in international payments. “Our mission is to help banks modernize and stay competitive, providing them with the tools to match fintechs,” says Honnay.

The company’s platform leverages blockchain and stablecoins to enable instant, secure, and cost-effective cross-border transactions. It reduces reliance on traditional pre-financing methods and Nostro/Vostro accounts, offering financial institutions a more transparent and efficient solution for payments.

Geneva, a natural hub for financial services, was the ideal location for Solide Finance. “Geneva offers regulatory excellence, a strong financial ecosystem, and strategic positioning in Europe,” explains Honnay. “The region’s bilingual culture and rigorous institutional environment make it a perfect base for a regulated fintech company.”

Solide Finance is already working with local banks to build the future of blockchain-based foreign exchange payments. “Geneva is our first operational market. We’re collaborating with banks to create the standards for an interbank network that balances speed, security, and compliance,” Honnay adds.

Pivotal support from GGBa and OCEI

The company is committed to applied research and open innovation, working with Swiss innovation hubs like FONGIT to collaborate with academia on topics like automated compliance, AI-driven FX risk management, and blockchain infrastructure sustainability. “These partnerships are essential for our long-term integration into Switzerland’s digital finance landscape,” says Honnay.

GGBa and the Cantonal Office for Economy and Innovation (OCEI) have played a crucial role in helping Solide Finance establish its presence in Western Switzerland. “Their proactive support and deep knowledge of the local ecosystem made our integration seamless, providing valuable introductions and assisting with regulatory and cultural aspects,” Honnay concludes.

Solide Finance’s expansion into Western Switzerland marks a significant step in modernizing cross-border payments. The company’s strategic emphasis on collaboration, innovation, and regulatory compliance positions it at the forefront of blockchain-powered financial solutions.