German fintech startup solarisBank announced that it has raised EUR 26.3 million in a Series A funding round that involved international investor team consisting of Arvato Financial Solutions and Japanese SBI Group, in order to expand its European fintech platform.
The company stated in its release that the strategic partnership with two major financial institutions will create s solid foundation for the company that will help to further expand its fintech platform. solarisBank also announced the appointment of Roland Folz, who will join the Management Board as CEO and Gerrit Seidel to take over as Supervisory Board Chairman from HitFox Group and FinLeap founder Jan Beckers.
“I am looking forward to help solarisBank in the further expansion of its business as well as its internationalization. It is an exciting task which offers tremendous potential,” Roland Folz, CEO of solarisBank AG, said.
Roland Folz will join the seasoned fintech and digital experts Marko Wenthin and Andreas Bittner as a third Member of the Management Board. He has gained his experience as a Member of the Management Board of internet pioneer DAB Bank, as CEO of Mercedes-Benz-Bank and as a Member of the Management Board of T-Com.
There have been numerous fintech investments worldwide with the global corporate venture fund activities of Arvato. Being the Bertelsmann subsidiary, it offers innovative and flexible complete solutions for a value-oriented management of customer relationships and payment flows.
“As a leading provider of cross-border digital financial services, we see the significant technology advancement of a banking platform. By cooperating with solarisBank, we are able to significantly strengthen our performance capability for our business partners,” Frank Kebsch, CEO of Arvato Financial Solutions, stated.
