Total amount raised
€621.1 Millions
Latest funding date
2/1/2025
Location
Solaris has successfully raised over EUR 160 million across multiple funding rounds, with its latest being a Series G. The company offers a comprehensive Banking-as-a-Service platform, enabling businesses to integrate digital banking services seamlessly.
Explore the details of Solaris' funding journey and discover the key investors supporting this innovative platform.
What Is Solaris?
Founded in 2015, Solaris is a German technology company based in Berlin. The company was established by Andreas Bittner and Marko Wenthin.
Solaris offers a comprehensive Banking-as-a-Service platform, enabling businesses to integrate digital banking services seamlessly. Their services include digital bank accounts, payment cards, identification and lending services, and digital asset custody.
With a workforce of 501-1000 employees, Solaris continues to innovate and expand its offerings, empowering businesses across Europe to create and offer their own financial products and services.
How Much Funding Has Solaris Raised?
- Seed Round
- Amount Raised: €12.2M
- Date: March 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart operations and develop the initial platform.
- Series A
- Amount Raised: €26.3M
- Date: March 2017
- Lead Investors: Arvato Bertelsmann
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance the platform's capabilities.
- Series B
- Amount Raised: €56.6M
- Date: March 2018
- Lead Investors: Banco Bilbao Vizcaya Argentaria
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Series C
- Amount Raised: €60M
- Date: June 2020
- Lead Investors: HV Capital, Yabeo
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand the product offerings and enhance technological infrastructure.
- Series D
- Amount Raised: €190M
- Date: July 2021
- Lead Investors: Decisive
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and support strategic partnerships.
- Series E
- Amount Raised: €40M
- Date: January 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen the core capital base and support ongoing projects.
- Series F
- Amount Raised: €38M
- Date: July 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support a major contract with ADAC and facilitate restructuring efforts.
- Series F
- Amount Raised: €58M
- Date: March 2024
- Lead Investors: SBI Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To onboard the ADAC credit card program and solidify core capital.
- Series G
- Amount Raised: €140M
- Date: February 2025
- Lead Investors: Börse Stuttgart Group, SBI Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To maintain operations until profitability and accelerate market opportunities.
Total Amount Raised: €620.1M
Current Valuation: Not publicly disclosed
Key Investors
- Börse Stuttgart Group
- Details: Börse Stuttgart Group is a major European stock exchange group, known for its digital and crypto trading platforms. It has been a long-standing partner of Solaris, particularly in the digital and crypto business sectors.
- Investment Focus Areas: Financial services, stock exchanges, digital and crypto businesses.
- Notable Investments: Known for its involvement in financial markets and investments in fintech companies.
- SBI Group
- Details: SBI Group is a Japanese financial conglomerate that led the Series G funding round and will acquire a majority stake in Solaris. The company focuses on financial services, including banking, securities, and insurance.
- Investment Focus Areas: Financial services, fintech, embedded finance platforms.
- Notable Investments: Various fintech companies, blockchain technologies.
- Decisive
- Details: Decisive is an investor in Solaris, leading the Series D funding round. Specific details about the company are not publicly disclosed.
- Investment Focus Areas: Not specified.
- Notable Investments: Not specified.
- HV Capital
- Details: HV Capital is a venture capital firm that invests in technology and startups. It led the Series C funding round for Solaris.
- Investment Focus Areas: Technology, startups.
- Notable Investments: Various technology startups.
- Banco Bilbao Vizcaya Argentaria (BBVA)
- Details: BBVA is a multinational Spanish banking group that led the Series B funding round for Solaris. It is one of the largest financial institutions in the world.
- Investment Focus Areas: Banking, financial services.
- Notable Investments: Various financial services companies.
What's Next for Solaris?
Solaris is poised to capitalize on the burgeoning opportunities in the embedded finance and Banking-as-a-Service sectors. With the recent €140 million Series G funding, the company is well-positioned to maintain operations until profitability and seize market opportunities. The strategic partnership with SBI Group and Boerse Stuttgart Group will further enhance its growth potential.
Future fundraising opportunities seem promising, given the successful completion of the Series G round and the strategic importance of the new capital. However, Solaris will need to navigate challenges such as integrating new shareholders and maintaining growth momentum. The dynamic market and evolving regulatory landscape will also require careful management to ensure sustained success.
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