Berlin based digital financial platform solarisBank has raised £22.9m in Series A funding led by Arvato financial solutions. solarisBank AG is a banking platform with a full banking license, allowing companies to offer their own financial products. 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.
A two-year-old German startup that provides tech that lets other companies offer financial services has raised €26.3 million (£22.9 million) to expand its banking platform to Asia and named a former Deutsche Bank exec as its new CEO. Berlin-based fintech startup solarisBank has raised its chunky "Series A" funding round from Arvato, a financial services company owned by German media giant Bertlesmann, and Japanese internet investment company SBI Group. Existing investors Yabeo Capital, FinLeap, and UniCredit also took part in the round.