solarisBank

solarisBank AG is a banking platform with a full banking license, allowing companies to offer their own financial products. This banking platform empowers finance pioneers.

solarisBank's platform enables startups, fintechs, and established digital companies to create custom solutions for their unique financial needs.

solarisBank was founded in 2016 and is led by members of the management board Roland Folz, Marko Wenthin and Andreas Bittner as well as CTO Peter Grosskopf. The company is based in Berlin, Germany.

solarisBank also provides various compliant payment services, including e-money issuing and escrow solutions; support services for account creation and maintenance, and transaction services, as well as deposit and credit business.

solarisBank partners can access the solarisBank modules in the field of e-money, instant credit and digital banking as well as services from third-party providers integrated on the platform via API. Thus, solarisBank creates a technologically highly developed and regulatory sound banking ecosystem for fintechs, established digital companies and also banks.

 

solarisBank works with 70 companies that have attracted 400,000 clients in total. They include challenger banks such as Tomorrow, Insha and a newcomer called Vivid; business banking startups, such as Penta and Kontist; trading app Trade Republic; cryptocurrency startups Bison and Bitwala, etc.

 

solarisBank is backed by HV Holtzbrinck Ventures, Vulcan Capital, Samsung Catalyst Fund, Arvato Financial Solutions, SBI Group, BBVA, Visa, Lakestar, ABN AMRO and others. The compan raised $67.5M (€60M) in Series C round on June 30, 2020. This brings solarisBank's total funding to $174.2M (€155.1M) to date. The round also values the company at $360M (€320M) post money.

 

solarisBank was ranked 19th on the 2017 Fintech100 List. It was one of the finalists for the “Most Disruptive Innovation” Award at the 2016 Global Banking Awards, held in Spain. 

 

 

  • Year founded: 2016
  • Funding Info: $174.2M (€155.1M) over 4 Rounds (Latest Funding Type: Series C)- solarisBank has also made an investment in CrossLend GmBH in Sep 6, 2018
  • Yearly Revenue: $25M-$50M (2019)
  • Employee Size: 201-500
  • Business Valuation: Valued at $360M (€320M) as of June 30, 2020
  • City/Town: Berlin
  • State: Berlin
  • Country: Germany
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