Despite the
Wirecard fallout, German fintech startup
solarisBank has raised a Series C funding round of $67.5 million (€60 million). Following today’s funding round, solarisBank is now valued at $360 million (€320 million). solarisBank doesn't have any consumer product directly. Instead, it offers financial services to other fintech companies through a set of APIs.
With solarisBank, you can build a fintech startup and leverage solarisBank’s line of products to do the heavy lifting. It’s an infrastructure company in the banking space.
While solarisBank might not be a familiar name, some of its clients have become quite popular. 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.
