POELLATH advises Solaris SE on a EUR 96 mil-lion Series F financing round
The latest round was led by SBI Group and other current investors and comprises a total of EUR 96 million in additional capital and a financial guarantee of up to EUR 100 million capital equivalent. Solaris will use the funds to secure the ADAC (German Automobile Society / Allgemeiner Deutscher Automobil-Club) credit card program, strengthen its core capital and invest in its platform’s resilience.
Solaris claims to be Europe’s leading embedded finance platform. Solaris’ modular B2B platform and scalable licensing model enables partner companies – from large, global, non-financial companies to innovative fintechs – to offer customer-centric financial services, thus enabling customers in all industries to easily access financial services. Founded in 2015, Solaris pioneered the banking-as-a-service market with an unprecedented combination of technology and banking services. Today, the banking and EMI-licensed technology company employs more than 750 people across ten locations in Europe and India.
POELLATH advised Solaris on the Series F financing round with the following Munich-based team:
- Dr. Sebastian Gerlinger (partner, lead, M&A/VC)
- Christian Tönies (partner, M&A/VC)
- Dr. Eva Nase (partner, corporate)
- Dr. Kay-Uwe Neumann (counsel, corporate)
- Markus Döllner (counsel, M&A/VC)
- Ludwig Niller (associate, M&A/VC)
