Solarisbank raises $224M at a $1.65B valuation
Solarisbank, a Berlin startup that provides a range of financial services by way of some 180 APIs that others use to build end-user-facing products (including basic banking and card services, lending, payments, and know-your-customer services) has raised €190 million ($224 million) in a Series D that values the company at €1.4 billion ($1.65 billion) and announced the acquisition of one of its competitors in the space, Contis.
Decisive Capital Management, a Swiss firm that has also backed insurtech startup Wefox, led the round, with Pathway Capital Management, CNP (Groupe Frère) and Ilavska Vuillermoz Capital also participating, in addition to and previous backers Yabeo Capital, BBVA, Vulcan Capital and HV Capital.
