Solarisbank Raises €30M Series B Extension Led by BBVA
Solarisbank announced a €30M (~$33M) Series B extension on October 7, 2019, led by Spanish banking giant BBVA alongside Target Global and other existing investors. The Berlin-based company operates a licensed BaaS platform providing API-based infrastructure for lending, payments, cards, and digital banking. The extension brought Solarisbank's total funding above €200M, positioning it as one of Europe's leading embedded finance enablers.
BBVA's participation was notable given the bank's broader strategy of investing in fintech infrastructure across multiple geographies. The capital was directed toward scaling the platform for PSD2 and open banking compliance, enabling partner companies to embed regulated financial services. Solarisbank's model allows fintechs, brands, and digital platforms to offer banking products without obtaining their own banking license.
The round underscored the accelerating European BaaS market driven by regulatory tailwinds and demand for modular banking APIs.
- BBVA's investment reinforces the trend of global banks funding BaaS infrastructure rather than building in-house
- Solarisbank's growth highlights the European BaaS market maturing under PSD2 regulatory framework