Solaris SE, Europe’s embedded finance platform, announced the securing of its Series G funding round. This, after facing significant operational challenges during the past year.
The investment round with a total volume of €140 million was led by SBI Group and Boerse Stuttgart Group, with contributions and equity supportive measures from “a group of investors and strategic partners.”
This funding marks a milestone in Solaris’s journey, potentially laying the groundwork for growth and supporting the company’s path to profitability.
As part of the Series G round, SBI Group will become the majority shareholder.
Together with Boerse Stuttgart Group, SBI is undergoing an ownership control process, “reinforcing their commitment to Solaris’s long-term success.”
Carsten Höltkemeyer, Solaris CEO said:
“The securing of our Series G funding marks the successful completion of a two-year transformation journey, providing the foundation for our continued growth. This fresh capital will not only support our operations until we reach profitability but will also accelerate our ability to seize market opportunities and build a strong core capital base.”
Yoshitaka Kitao, Representative Director, Chairman, President & CEO of SBIHD said:
“Becoming the majority shareholder in Solaris is a natural step in our ongoing investment journey with the company.”
Dr, Matthias Voelkel, CEO of Boerse Stuttgart Group said:
“Solaris has been a partner of our fast growing digital and crypto business for years. Now we seize the opportunity by acquiring a stake in Solaris to increase our strategic options and further boost our growth. We are glad to do this jointly with SBI Group, another long-standing partner of Boerse Stuttgart Group.”
This funding builds on the momentum of the Series F round in March 2024, which raised €96 million in “equity and secured financial guarantees of up to €100 million.”
Those funds were pivotal in migrating the ADAC credit card program in Sept 2024 and strengthening Solaris’s platform resilience.
Perella Weinberg Partners acted as exclusive financial and strategic adviser to Solaris during the Series G round.
As covered, Solaris is Europe’s embedded finance and Banking-as-a-Service platform.
Solaris’ modular B2B tech stack and licensing system empowers its partners – from large global non-financial corporations to innovative fintechs – to deliver “customer-centric” financial services.
The company aims to provide more seamless experiences to customers across all industries.
Founded in 2015, Solaris pioneered the Banking-as-a-Service market with a combination of tech and banking services.
