SolarisBank Raises €60M Series C to Scale European BaaS Platform
SolarisBank, a Berlin-based BaaS fintech holding a full German banking license, raised €60 million in an oversubscribed Series C funding round announced on July 1, 2020. The round was led by HV Holtzbrinck Ventures, with new participation from Vulcan Capital, Samsung Catalyst Fund, and Storm Ventures. Existing investors including BBVA, Yabeo, SBI Group, ABN Amro, Global Brain, Hegus, and Lakestar contributed roughly half of the total funding.
The capital will be deployed to accelerate expansion of its API-driven BaaS platform across Europe, invest in technology development, grow the team, and strengthen its regulatory capital base. Founded in 2016, SolarisBank enables over 80 companies to offer compliant financial services through modular, API-accessible banking products designed for contextual and embedded banking use cases. BBVA, a strategic investor since the Series B in March 2018, continues to back the company as part of its open API and BaaS innovation strategy.
The round signals strong investor appetite for European BaaS infrastructure providers serving the growing embedded finance market.
- Validates strong investor demand for European BaaS infrastructure providers amid growing embedded finance adoption
- Strategic bank investors like BBVA and ABN Amro signal traditional banking's commitment to API-driven BaaS distribution models
- Additional regulatory capital positions SolarisBank to onboard more fintech partners and expand product scope across EU markets