Europe’s leading Banking-as-a-Service platform, Solarisbank AG announced that it has raised €190 million to acquire Contis, the current valuation of Solarisbank is €1.4 billion.
The Chief Executive Officer of Solarisbank, Dr. Roland Folz, said:
“In the last 12 months, our passionate team has delivered against key milestones on our ambitious expansion journey. The funding is the result of their outstanding work and will further fuel our vision to create a world where financial services seamlessly sync with life.”
The Executive Chairman and Founder of Contis Group, Peter Cox, said:
“Contis is one of the true fintech trailblazers, with numerous awards to its name and a proven track record of delivering disruptive technology, securely with proven high reliability in the payments space.
“Having already become one of Europe’s fastest growing companies over the last three years, this coming together brings our joint velocity to the next level. Solarisbank and Contis share the same vision and values and together we will spearhead the global trend of embedded finance.”
About Solarisbank
It is one of the technology company with a full German banking licence established in 2015, the bank also enables other companies to offer their own financial services through APIs, partners integrate Solarisbank’s modular banking services directly into their own product offering.
About Contis
It is a digital payments platform which helps banks, corporates, crypto exchanges, fintechs and insurers unleash their true potential using our proven BaaS capabilities. It also provides cloud- based, secure, real-time payment solutions. The company has its establishments in UK, Lithuania and India.
