Solarisbank Announces Rebrand, Expands Operations

European fintech platform, Solarisbank has recently announced that the company has changed its name to ‘Solaris’. The company noted that the rebrand represents its evolution. Amid the latest global expansion activities, the fintech platform has been able to grow its team to over 750 employees.

The latest announcement from Solaris came almost one year after the fintech firm raised EUR 190 million in an oversubscribed Series D investment round. Following the funding round in July 2021, Solaris received a valuation of EUR 1.4 billion.

Solaris achieved a combined net revenue of more than 100 million euros in 2021. Headquartered in Berlin, the fintech firm has a presence in Europe and India. Roland Folz, the Group CEO of Solaris, believes that the company has a dynamic ecosystem.

“Driven by the vision of creating a world where financial services seamlessly sync with life, the name Solaris symbolizes for us in its purest form the energy that powers us to make this dream a reality. Today, Solaris is a dynamic and constantly evolving ecosystem that grows with and simultaneously influences the market over the years,” Folz said.

In May 2022, Solaris announced the expansion of its team with the appointment of Ingmar Krusch as the Chief Information Officer and Dennis Winter as the Chief Technology Officer.

Europe’s Fintech Ecosystem

Europe is home to some of the world’s most valuable fintech companies, including Klarna and Revolut.

“As a technology company with a German banking license, Solaris has always been a special player in the fintech ecosystem. Today, we are a pan-European platform with a broad product offering and steep vertical integration. Our tech DNA has enabled our growth in the past and will ensure our success in the future. Solaris is our brand core and unification across the group is only logical,” Layla Qassim, the Chief of Staff at Solaris, commented.