- Trading Name: Solaris
- Legal Entity: Tymit Ltd
- Activities: German Banking-as-a-Service platform
- Location: Germany
- Key People: Roland Folz (PC42 profile)
Solaris (Solarisbank )is a BaFin-regulated German Banking-as-a-Service platform with a full banking license that enables other fintechs 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, and services provided by integrated third-party providers.
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 changed its name from Solarisbank to Solaris and intends to change its legal form from AG to an international SE (Societas Europaea).
In January 2023, it became known that the German Federal Financial Supervisory Authority (BaFin) had imposed a teasing surcharge on the bank.
Solaris has been identified as a facilitator of binary options and forex trading scams. Thus, we include it in our “Orange Compliance” list.