Berlin-based solarisBank has raised €26.3 million in a Series A funding round, which is expected to enable the bank to expand its core platform and to further grow its transaction and loan businesses.
The funding was led by Arvato Financial Solutions and Japanese SBI Group, with seed investors FinLeap, Hegus and yabeo Capital also participating.
As the startup bank steps up its internationalisation efforts, new executives are being added to its leadership team. Roland Folz, formerly of DAB Bank, will join the management board as CEO, while Gerrit Seidel will take over as supervisory board chairman from HitFox Group and FinLeap founder Jan Beckers.
Roland Folz, CEO of solarisBank, said: “I am looking forward to help solarisBank in the further expansion of its business as well as its internationalisation. It is an exciting task which offers tremendous potential.”
Yoshitaka Kitao, CEO of SBI Group, added: “solarisBank’s banking-as-a-platform model provides partners with digital and easy-to-integrate banking services for which we anticipate strong demand from Asia. We want to tap into this demand together with our network partners.”
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