Solaris, a Berlin, Germany-based provider of an embedded finance platform, raised €96M in funding.
The round was led by SBI Group and other existing investors.
The company intends to use the funds to onboard the ADAC (Allgemeiner Deutscher Automobil-Club) credit card program, strengthen its core capital and invest in its platform.
Founded in 2015 and led by CEO Carsten Höltkemeyer, Solaris provides an embedded finance platform whose proprietary modular B2B tech stack and scalable licensing system empowers its partners – from large global non-financial companies to innovative fintechs – to offer customer-centric financial services.
Today, the banking and EMI-licensed tech company employs more than 750 people at ten locations in Europe and India, with net revenues of EUR 130m in 2022.
FinSMEs