Solaris (Solarisbank)

BaFin-regulated bank with risk appetite

Solaris (Solarisbank )is the first German Banking-as-a-Service platform with a full banking license that enables companies to offer their own financial products. Roland Folz (PC42 profile) is the company’s CEO.

Through APIs, partners gain access to Solarisbank’s modular services including payments and e-money, lending, digital banking as well as services provided by integrated third-party providers. Through this, Solarisbank creates a highly developed technological banking ecosystem for fintechs and established digital companies, as well as banks and corporates.

Since its founding in 2016, Solarisbank has so far received 350 million euros from investors. Finleap is still considered the largest shareholder. In the last financing round in the summer of 2021, the Berlin-based fintech with a full banking license was valued at EUR 1.4 billion.

In summer 2021, Solarisbank took over the UK-based Contis Group of fintech guru Peter Cox. Solarisbank and Contis aim to achieve sustainable revenue growth in the range of 40 to 60 percent. Solarisbank is preparing to be IPO-ready from the third quarter of 2022 onwards, a Contis blog post says.

At the end of July 2022, the company has changed its name from Solarisbank to Solaris and intends to change its legal form from AG to an international SE (Societas Europaea).
Supposedly, the company no longer wants to be perceived as a bank in the public eye.

Rate and write a review

Your email address will not be published.

Jurisdiction

Germany

Legal Entities

Solarisbank AG
Solarisbank SE

Is this your business?Claim it now.

Make sure your information are up to date.