solarisBank, a Berlin, Germany-based banking platform, raised €26.3M in Series A financing.
Backers included Arvato Financial Solutions and the Japanese SBI Group and seed investors FinLeap, Hegus and yabeo Capital. In conjunction with the funding, Gerrit Seidel (yabeo Capital) will take over as Chairman of the Supervisory Board.
The company intends to use the funds for the international rollout.
Co-Founded by Andreas Bittner and Marko Wenthin and led by new CEO Roland Folz and CTO Peter Grosskopf, solarisBank provides a banking platform that enables digital companies, fintechs, other banks and corporates to access innovative banking service modules for integration into their processes, websites or apps. The company, which obtained a full banking licence and commenced operations in March 2016, has brought over 20 companies onto its banking platform, including partners like AutoScout24, fashioncheque and various fintechs. solarisBank has also passported its banking license to six European countries to serve partners across the continent.
Its team of banking and tech experts currently include over 85 people.