Company:solarisBank

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Short description: German banking company

Solarisbank AG
TypePrivate
IndustryFintech
FoundedMarch 2016; 8 years ago (2016-03)
Founder
Headquarters
Berlin
,
Germany
Area served
Europe
Key people
Dr. Roland Folz (CEO)
Websitehttp://www.solarisbank.de

Solarisbank is a Berlin-based fintech company that offers Banking-as-a-Service Platform with its German banking license.[4]


Background

Overview

Solarisbank was established in 2015 as a part of Finleap,[5][6] a fintech company builder based in Berlin, Germany with Andreas Bittner and Marko Wenthin[7] as its founders.[4] Solarisbank was officially launched in March 2016, after receiving its banking license.[8][1]

In October 2016, the company entered into a strategic partnership with MasterCard in order to develop novel banking modules.[9][10][1]

In February 2017, Solarisbank raised €26.3 million in its series A funding round from Yabeo Capital, Arvato Financial Solutions, FinLeap, Unicredit and Japan-based SBI group.[11] The company also brought in Dr. Roland Folz as CEO.[12][13]

As of March 2017, Solarisbank is said to have brought over 20 companies on its banking platform[12] and it is reported to have passported its banking license to six European countries.[14]

In March 2018, Solarisbank raised $70 million in Series B funding from Arvato Financial Solutions, SBI Group, BBVA, Visa, Lakestar and ABN AMRO's Digital Impact Fund.[15]

In June 2020, Solarisbank raised €60 million in Series C funding led by HV Holtzbrinck Ventures with participation from Vulcan Capital, Samsung Catalyst Fund and Storm Ventures.[16]

Technology

Solarisbank provides a banking platform,[17] which is said to allow its users, mostly digital companies and financial services startups, to access various banking service modules, which then can be integrated into their processes, websites or mobile applications.[11][18]

Awards and Recognition

Solarisbank was one of the finalists for the “Most Disruptive Innovation” Award at the 2016 Global Banking Awards, held in Spain .[19]

References

  1. ↑ 1.0 1.1 1.2 1.3 Dolan, Shelagh. "The top banking-as-a-service platform providers & banks using BaaS technology". https://www.businessinsider.com/banking-as-a-service-platform-providers. 
  2. ↑ "SolarisBank raises $28 million to expand its European fintech platform | VentureBeat" (in en-US). https://venturebeat.com/2017/03/14/solarisbank-raises-28-million-to-expand-its-european-fintech-platform/. 
  3. ↑ "SolarisBank raises $28 million to expand its European fintech platform | VentureBeat" (in en-US). https://venturebeat.com/2017/03/14/solarisbank-raises-28-million-to-expand-its-european-fintech-platform/. 
  4. ↑ 4.0 4.1 "SolarisBank, a bank for digital and fintech startups, gets banking license" (in en). Finextra Research. 2016-03-14. https://www.finextra.com/newsarticle/28604/solarisbank-a-bank-for-digital-and-fintech-startups-gets-banking-license. 
  5. ↑ "La banque en kit prend corps avec solarisBank" (in fr-FR). lesechos.fr. https://www.lesechos.fr/13/05/2016/LesEchos/22191-132-ECH_la-banque-en-kit-prend-corps-avec-solarisbank.htm. 
  6. ↑ O'Hear, Steve. "German fintech company builder FinLeap raises €21M at €121M valuation" (in en). TechCrunch. https://techcrunch.com/2016/06/13/finleap-of-faith/. 
  7. ↑ ""Es tut extrem weh, zu guten Geschäften Nein zu sagen"" (in de). Gründerszene Magazin. https://www.gruenderszene.de/allgemein/marko-wenthin-solarisbank-bilanz. 
  8. ↑ O'Hear, Steve. "FinLeap’s solarisBank to offer Banking-as-a-Platform so startups can ride fintech gravy train" (in en). TechCrunch. https://techcrunch.com/2016/03/14/solarisbank/. 
  9. ↑ "MasterCard and SolarisBank partner for digital banking push » Banking Technology". http://www.bankingtech.com/606552/mastercard-and-solarisbank-partner-for-digital-banking-push/. 
  10. ↑ "SolarisBank partners MasterCard to develop new banking modules". https://www.thepaypers.com/online-mobile-banking/solarisbank-partners-mastercard-to-develop-new-banking-modules/766493-12. 
  11. ↑ 11.0 11.1 "German Fintech Partners with Japan" (in en-gb). finews.asia. https://www.finews.asia/finance/24149-solarisbank-roland-folz-deutsche-bank-expansion-asia-andreas-bittner-marko-wenthin-gerrit-seidel-peter-grosskopf. 
  12. ↑ 12.0 12.1 "SolarisBank raises $28 million to expand its European fintech platform | VentureBeat" (in en-US). https://venturebeat.com/2017/03/14/solarisbank-raises-28-million-to-expand-its-european-fintech-platform/. 
  13. ↑ "German fintech startup solarisBank raises €26.3 million and lands Deutsche Bank exec as CEO" (in en). Business Insider. http://www.businessinsider.com/german-fintech-solarisbank-raises-263-million-to-take-on-asia-2017-3?IR=T. 
  14. ↑ "solarisBank Raises €26.3M in Series A Financing" (in en-US). FinSMEs. 2017-03-15. http://www.finsmes.com/2017/03/solarisbank-raises-e26-3m-in-series-a-financing.html. 
  15. ↑ "Banking platform solarisBank closes €56.6M Series B from BBVA, Visa, Lakestar, and others – TechCrunch" (in en-US). https://techcrunch.com/2018/03/07/banking-platform-solarisbank-closes-e56-6m-series-b-from-bbva-visa-lakestar-and-others/. 
  16. ↑ "solarisBank, Europe's leading Banking-as-a-Service platform, raises EUR 60 million in series C round to further accelerate growth" (in en-US). https://www.solarisbank.com/en/press/. 
  17. ↑ "Solarisbank raises $28 million with sights set on Asian market" (in en). Business Insider. http://www.businessinsider.com/solarisbank-raises-28-million-with-sights-set-on-asian-market-2017-3. 
  18. ↑ "SolarisBank Receives Banking License" (in en-US). Payment Week. 2016-03-21. https://paymentweek.com/2016-3-21-solarisbank-receives-banking-license-9973/. 
  19. ↑ "The winners of the 2016 Global Banking Awards are announced" (in en-GB). Technology Record. http://www.technologyrecord.com/Article/the-winners-of-the-2016-global-banking-awards-are-announced-56467#.We3BPWiCxPZ. 

External links




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