🏆 Deal of the Week · CW 30/2021
Solarisbank raised USD 224 million in a Series D round in July 2021, at a post-money valuation of USD 1.65 billion. The round was co-led by a syndicate of existing and new investors including BBVA, Decisive Capital Management, and HV Capital. The capital was earmarked to finance the acquisition of Contis and accelerate European expansion of its API-based embedded banking infrastructure.
Solarisbank — key deal facts
| Company | Solarisbank |
| Founded | 2016 |
| Headquarters | Berlin, Germany |
| Amount raised | USD 224M |
| Valuation | USD 1.65B |
| Round | Series D |
| Investors | BBVA (https://www.bbva.es/personas.html) Decisive Capital Management (https://www.decisive.com/) HV Capital (https://www.hvcapital.com/) Ilavska Vuillermoz Capital (https://ivc.fund/) Pathway Capital Management (https://pathwaycapital.com/) Vulcan Capital (https://vc4a.com/vulcan-capital/) Yabeo Capital (http://yabeo.de/de/home/) |
| Sectors | FinTech |
Who invested in Solarisbank?
The Series D attracted seven investors: BBVA, Decisive Capital Management, HV Capital, Ilavska Vuillermoz Capital, Pathway Capital Management, Vulcan Capital, and Yabeo Capital. The participation of BBVA, a major European banking group, alongside specialist FinTech and growth equity funds signals institutional conviction in the Banking-as-a-Service category. The breadth of the syndicate — spanning strategic bank capital, hedge-fund-style vehicles, and dedicated venture funds — reflects the cross-sector demand for regulated API banking infrastructure.
What does Solarisbank do?
Solarisbank, now operating as Solaris SE, is a Banking-as-a-Service platform headquartered in Berlin, Germany. Founded in March 2016 by Andreas Bittner and Marko Wenthin, the company holds a full banking license issued by BaFin, enabling it to offer regulated financial services through APIs. Its modular product suite covers payments, card issuing, lending, IBAN and account provisioning, digital identification, and crypto/fiat asset integration. Businesses embed these services directly into their own products without requiring a banking license of their own.
Solarisbank valuation & multiples
No multiples analysis was provided for this deal. Readers evaluating entry and exit pricing in the Banking-as-a-Service and broader FinTech sector can reference applicable EV/Sales and EV/EBITDA benchmarks on the Venionaire DealMatrix FinTech sector multiples pages.
Explore the benchmarks: Series D.
Frequently asked questions
How much did Solarisbank raise in its Series D?
Solarisbank raised USD 224 million in its Series D round, closed in July 2021.
What is Solarisbank's valuation?
Solarisbank was valued at USD 1.65 billion at the time of its Series D in July 2021.
Who invested in Solarisbank?
The Series D investors were BBVA, Decisive Capital Management, HV Capital, Ilavska Vuillermoz Capital, Pathway Capital Management, Vulcan Capital, and Yabeo Capital.
When was Solarisbank founded and where is it based?
Solarisbank was founded in March 2016 and is headquartered in Berlin, Germany.
Source: original announcement — read the full report.