BaaS Provider / BankRegulatory ScrutinyEst. 2016

Solaris SE

DE · Berlin · BaFin (German banking license)

Solaris SE is a BaaS Provider / Bank based in DE (Berlin), regulated by BaFin (German banking license). The institution's BaaS program is currently under regulatory scrutiny, launched in 2016.

Solaris SE supports the following products and services: Accounts, Cards, Lending, KYC/AML, Crypto. The bank serves customers across EU (pan-European via passporting).

Notable fintech partners include ADAC (credit card program).

Profile
Products Supported
AccountsCardsLendingKYC/AMLCrypto
Geographies Served
EU (pan-European via passporting)
Charter / Regulator
BaFin (German banking license)
API Standards
REST API, SEPA, ISO 20022
Minimum Deal Size
Not publicly disclosed
Year Program Launched
2016
Notable Fintech Partners

ADAC (credit card program)

Regulatory Actions Summary

BaFin appointed special monitor (Dec 2022); prohibited from onboarding new corporate clients without BaFin approval (2023, still in effect); fined €6.5M for late STRs (March 2024); fined €500K for exceeding large exposure limits (June 2025)

Notes

WARNING: Under severe BaFin regulatory pressure. Multiple fines, special monitor in place, client onboarding restricted. 5B.

Leadership reshuffles, staff layoffs, client offboarding in 2024. Cautionary tale for BaaS.

Related Deals (1)
funding

BaaS Leader Solaris Raises €96M Series F to Expand Platform

Solaris SE completed a €96 million Series F funding round led by SBI Group alongside existing investors, bringing total funding to over €450 million. The capital will strengthen core capital, invest in platform resilience, and support onboarding of the ADAC credit card program. Solaris operates a modular B2B technology stack enabling embedded financial services including cards, accounts, and lending.

Explore
Solaris SE dealsSolaris SE regulatory actionsMore banks in DEBrowse full registry
Links
Official Website BaaS Program
Share