Solaris, the European embedded finance platform, announces that it has closed the Series G investment round for a total amount of EUR 140 million. the deal was led by SBI Group and Boerse Stuttgart Group with contributions and capital support from a diverse group of investors and strategic partners. This financing marks an important milestone in Solaris’ journey, laying the foundation for sustainable growth and accelerating the company’s path to profitability.
As part of the Series G round, the SBI Group will become the majority shareholder, marking a transformative development in the corporate structure of Solaris. Together with the Boerse Stuttgart Group, SBI is currently engaged in a process of ownership control, reinforcing its commitment to the long-term success of Solaris.
Carsten Höltkemeyer, CEO of Solaris, says in a note: “The closing of the G-series round marks the completion of a two-year transformation journey and provides the foundation for our continued growth. The fresh capital will not only support our operations until we reach profitability, but also accelerate our ability to seize market opportunities and build a strong capital base. I am deeply grateful to our investors for their invaluable confidence and shared ambition in continuing to lead the integrated finance market in Europe.”
Yoshitaka Kitao, representative director, chairman, president & CEO of the SBI Group, says: “Becoming a majority shareholder in Solaris is a natural step in our path of continuous investment in the company. Solaris, with its cutting-edge technology and exceptional team, is well positioned to enter the next phase of integrated finance in Europe. We look forward to supporting Solaris in realising its vision.”
Matthias Voelkel, CEO of Boerse Stuttgart Group, adds: ‘Solaris has been a partner in our fast-growing digital and crypto business for years. With the investment in Solaris, we are now taking the opportunity to expand our strategic options and further promote our growth. We are pleased to do this together with SBI Group, another long-standing partner of the Boerse Stuttgart Group.
This financing is based on the March 2024 Series F round, in which EUR 96 million in capital and financial guarantees of up to EUR 100 million were secured. These funds were crucial for the successful migration of the pioneering ADAC credit card programme in September 2024 and the further strengthening of the Solaris platform. (photo by Markus Spiske on Unsplash)
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