Rating quadrupled in just over a year for Solarisabnk, which officially boasts the unicorn label. A few weeks after the official landing in Italy, the German banking-as-a-service platform closed a series D loan of 190 million euros, based on a valuation jumped to 1.4 billion euros (over 1.6 billions of dollars) compared to the 360 million of the last round, carried out in June 2020.
The round was led by Decisive Capital Management, with the support of Pathway Capital Management, Cnp (Groupe Frère) and Ilavska Vuillermoz Capital. Investors already present, such as yabeo Capital, Bbva, Vulcan Capital and HV Capital, also participated in the new loan.
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The resources will be used to continue the growth of the platform which, on the basis of a banking license obtained in Germany, allows global and fintech brands to integrate financial services within their offer in a simple way, through Api. Over the past year, Solarisbank has consolidated its positions by moving all its technology offerings to the Amazon Web Services (AWS) cloud and extending its scope to France, Italy and Spain, markets where it offers partners accounts with National Iban.
“Over the past twelve months our team has achieved decisive milestones in our ambitious expansion plan: the outcome of the round is the effect of continued commitment and will allow us to pursue our vision of creating a world in which financial services can harmonize. perfectly with real life », CEO Roland Folz commented.
Solarisbank also announced the consolidation of growth through external lines by integrating with Contis, a leading European payments fintech with black accounts, aiming to become the pan-European leader in banking-as-a-service. Founded in 2008 by fintech veteran Peter Cox, Contis has grown to become one of the most comprehensive embedded banking payment platforms in Europe.