SolarisBank Secures $28M Funding to Boost European Fintech Expansion
Berlin-based SolarisBank, a pioneering fintech platform, has announced a $28 million Series A funding round to accelerate its mission of unifying Europe’s fragmented financial landscape. The investment underscores growing confidence in its innovative banking-as-a-service model.
Key Investors and Strategic Backing
The funding round was led by:
- Arvato Financial Solutions (a Bertelsmann Group subsidiary)
- Japan’s SBI Group
Existing investors, including FinLeap, Hegus, and yabeo Capital, also participated, reinforcing their commitment to SolarisBank’s vision.
Breaking Down Borders with a Licensed Platform
SolarisBank holds a full banking license, enabling it to provide compliant financial infrastructure for fintech startups and businesses. Its unique platform allows partners to offer services like:
- Digital banking
- Payment solutions
- Lending products
Unlike traditional banks restricted by national borders, SolarisBank has extended its license coverage to six European countries, eliminating regulatory hurdles for cross-border operations.
Leadership Strengthened with Industry Veteran
The company announced the appointment of Roland Folz as CEO, bringing decades of financial expertise:
- Former executive at DAB Bank (fintech)
- Ex-CEO of Mercedes-Benz Bank
- Recent leadership role at Deutsche Bank AG
“I’m excited to drive SolarisBank’s expansion and internationalization,” Folz stated. “The platform’s potential to transform European finance is tremendous.”
Growth Trajectory and Future Plans
With 20 partners already onboard, SolarisBank aims to:
- Expand its partner ecosystem
- Enhance platform capabilities
- Broaden geographical reach
The strategic involvement of Arvato and SBI Group provides not just capital but valuable industry connections to fuel this growth.
Why This Matters for European Fintech
SolarisBank’s model addresses critical challenges in European finance:
- Fragmentation: Simplifies cross-border financial services
- Compliance: Handles regulatory complexity for partners
- Innovation: Enables faster fintech product deployment
This funding round positions SolarisBank as a key enabler in Europe’s evolving digital finance landscape.
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