SolarisBank, a Berlin, Germany-based banking platform, raised €56.6m in Series B funding.
Backers included Arvato Financial Solutions, SBI Group, BBVA, Visa, Lakestar and ABN AMRO’s Digital Impact Fund.
The company intends to use the funds for further growth, the continued development of its digital platform and product portfolio, as well as further geographic expansion.
Led by Dr. Roland Folz, CEO, solarisBank is a banking platform offering digital banking & cards services, financial and credit services, as well as payment and escrow services – all accessible via API. These services are used by nearly 60 corporate clients, such as credit portal smava, ABN AMRO’s brand Moneyou, comparison portal Verivox, banking service provider Kontist, and digital gift card company fashioncheque.
The company has a full banking license and currently active in seven countries.