Solaris SE, a German embedded finance platform, has announced the completion of its €96 million Series F round. The funding round was led by SBI Group and included participation from other existing investors. This latest investment brings Solaris SE’s total funding to over €450 million.
- Company Background: Founded in 2015, Solaris SE is a pioneer in the Banking-as-a-Service market. The company offers a proprietary modular B2B tech stack and scalable licensing system. Solaris SE empowers partners, including large global non-financial companies and innovative fintechs, to offer unique, customer-centric financial services.
- Financial Details: The Series F round consists of €96 million in additional capital and a financial guarantee of up to €100 million capital equivalent. In 2022, Solaris SE reported net revenues of €130 million.
- CEO and Chairman Statements: Carsten Höltkemeyer, CEO of Solaris SE, highlighted the significance of the funding as a milestone for the company’s sustainable, profitable growth. Ramin Niroumand, Chairman of the Supervisory Board of Solaris SE, praised the company’s successful transformation and its resilience in a challenging market.
- Future Plans: Solaris SE plans to use the funds to onboard the ADAC (Allgemeiner Deutscher Automobil-Club) credit card program, strengthen its core capital, and invest in its platform’s resilience. The company aims to enhance its partners’ product offerings and make regulatory compliance a key selling point.
Solaris SE’s latest funding round and strategic initiatives position the company for continued growth and leadership in the embedded finance market.
