Europe’s largest embedded finance platform has secured a €140 million financing round

German Banking-as-a-Service platform Solaris, announced the securing of its Series G funding round. The 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 diverse group of investors and strategic partners.

„This funding marks a major milestone in Solaris’s journey, laying the groundwork for sustainable growth and accelerating the company’s path to profitability.” – the company said. 

As part of the Series G round, SBI Group will become the majority shareholder, signaling a transformative evolution in Solaris’s shareholder structure. Together with Boerse Stuttgart Group, SBI is currently undergoing an ownership control process.

„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. I am deeply grateful to our investors for their unwavering confidence and shared ambition as we continue to lead Europe’s embedded finance market.” – said  Carsten Höltkemeyer – Solaris CEO.

„Becoming the majority shareholder in Solaris is a natural step in our ongoing investment journey with the company. Solaris is well-positioned with cutting-edge technology and an exceptional team to pioneer the next phase of embedded finance in Europe. We are excited to support Solaris in realizing its vision.” – said Yoshitaka Kitao, Representative Director, Chairman, President & CEO of SBIHD.

„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.” – said Dr, Matthias Voelkel, CEO of Boerse Stuttgart Group

This new 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 successfully migrating the landmark ADAC credit card program in September 2024 and further strengthening Solaris’s platform resilience.” – the company explained. Solaris was valued at $1.6 billion in 2021.

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Solaris is Europe’s leading embedded finance and Banking-as-a-Service platform. Solaris’ proprietary modular B2B tech stack and scalable licensing system empowers its partners – from large global non-financial cooperations to innovative fintechs – to deliver unique, customer-centric financial services. Providing seamless experiences to customers across all industries. Founded in 2015, Solaris pioneered the Banking-as-a-Service market with an unparalleled combination of tech and banking services.