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Series B: solarisBank raises over 56.6 million euros

12. March 2018
Berlin — sola­ris­Bank, the first banking plat­form with a full banking license, has success­fully attrac­ted further inves­tors one year after its Series A finan­cing round. Four new stra­te­gic and finan­cial inves­tors parti­ci­pate in the Series B finan­cing tota­ling 56.6 million euros. In addi­tion to the exis­ting inves­tors Arvato Finan­cial Solu­ti­ons and SBI Group, who are once again inves­ting, renow­ned global compa­nies such as BBVA, Visa, Lakestar and ABN Amros Digi­tal Impact Fund (DIF) are expan­ding the inves­tor base.

“With our banking as a plat­form concept, we are shaping the future of the finan­cial indus­try. This inno­va­tive approach has convin­ced inter­na­tio­nal indus­try leaders in the finan­cial and tech­no­logy world to use the Series B invest­ment round to parti­ci­pate in our busi­ness model and growth. I am exci­ted about the poten­tial for further coope­ra­tion in Germany and inter­na­tio­nal markets that we can leverage toge­ther with these strong part­ners,” says Dr. Roland Folz (photo), CEO of sola­ris­Bank AG.

Foun­ded by company buil­der Finleap in March 2016, sola­ris­Bank was one of the first finan­cial tech­no­logy compa­nies with a full banking license. Since then, the company has estab­lis­hed its Banking as a Plat­form concept inter­na­tio­nally. sola­ris­Bank is curr­ently active in seven Euro­pean coun­tries. Curr­ently, around 60 corpo­rate custo­mers use the banking plat­form. By the end of the year, that number is expec­ted to grow to more than 100.

The product offe­ring was expan­ded to three product lines within the first two years: In addi­tion to Digi­tal Banking & Cards services, sola­ris­Bank also offers finan­cing and credit services as well as payment and trus­tee services for corpo­rate custo­mers via inter­face (API) . These services are used by compa­nies such as the credit portal smava, the digi­tal ABN AMRO brand Moneyou, the compa­ri­son portal Veri­vox, the banking solu­tion Kontist or the voucher provi­der fashioncheque.

The newly raised capi­tal supports sola­ris­Bank on its further growth course and will be used for the expan­sion of the tech­no­lo­gi­cal plat­form, the products and for further geogra­phi­cal expan­sion. All inves­tors have an outstan­ding inter­na­tio­nal profile and diverse strengths, from which sola­ris­Bank can bene­fit enor­mously in its further development.

Advi­sors to sola­ris­Bank AG: P+P Pöllath und Partner
Chris­tian Tönies, LL.M. Eur. (Part­ner, M&A, Venture Capi­tal, Munich/Berlin)
Dr. Eva Nase (Part­ner, Stock Corpo­ra­tion Law, Munich)
Dr. Sebas­tian Gerlin­ger, LL.M. (Senior Asso­ciate, M&A, Venture Capi­tal, Berlin/Munich)
Dr. Sebas­tian Käpp­lin­ger (Coun­sel, Regu­la­tory Law, Frankfurt)
Daniel Wied­mann, LL.M. (NYU) (Coun­sel, Anti­trust Law, Frankfurt)
Phil­ipp Opitz (Senior Asso­ciate, Stock Corpo­ra­tion Law, Munich)
Tim Jungin­ger (Senior Asso­ciate, Corpo­rate and Capi­tal Markets, Munich)
Dr. Georg Seitz (Asso­ciate, M&A, Venture Capi­tal, Munich)
Chris­­toph-Alex­an­­der May (Asso­ciate, Corpo­rate and Capi­tal Markets Law, Munich)

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