Solaris Raises €140M Series G Led by SBI Group
Solaris, a Berlin-based Banking-as-a-Service platform, announced a €140 million ($144.7 million) Series G funding round in early February 2025. The round was led by SBI Group of Japan, which took a majority stake in the company, with additional participation from existing investor Boerse Stuttgart Group and other strategic partners. Solaris provides BaaS solutions spanning digital banking, payments, lending, and compliance tools, enabling non-banks to embed financial products without holding their own banking license.
The company was previously valued at $1.6 billion during its 2021 funding round. The new capital is earmarked for sustaining operations until the company reaches profitability, strengthening its core capital base, and pursuing broader market expansion. The deal underscores continued investor confidence in the European BaaS sector despite a challenging funding environment for fintechs.
SBI Group's majority stake signals a significant strategic shift in Solaris's ownership and governance structure.
- SBI Group's majority stake introduces a major Asian strategic investor into the European BaaS market, potentially opening cross-border expansion opportunities.
- The funding validates continued demand for BaaS infrastructure in Europe despite broader fintech funding headwinds and increased regulatory scrutiny of BaaS models.