Solaris SE, Europe’s leading embedded finance platform, today announced the securing of its Series G financing round.
The round, totaling EUR 140 million, was led by SBI Group and Boerse Stuttgart Group, with equity contributions and measures from investors and strategic partners. This financing is 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, the SBI Group will become the majority shareholder, signaling a transformative change in Solaris’ shareholder structure. Together with the Boerse Stuttgart Group, SBI is currently undergoing an owner control procedure that underlines its support for Solaris’ long-term success.
“Securing our Series G financing marks the successful completion of a two-year transformation journey and lays the foundation for our continued growth. The fresh capital will not only drive our operations to profitability, but will also help us seize market opportunities and build a strong core capital base. I am very grateful to our investors for their unwavering trust and shared ambition to continue to lead the European embedded finance market.” Carsten Höltkemeyer, Solaris CEO
“Becoming a majority shareholder in Solaris is a natural step in our continued investment journey with the company. Solaris, with its cutting-edge technology and exceptional team, is well positioned to lead the next phase of embedded finance in Europe. We look forward to helping Solaris realize its vision.” Yoshitaka Kitao, Representative Director, Chairman, President & CEO of SBIHD
“Solaris has been a partner for our fast-growing digital and crypto business for years. We are now taking the opportunity to invest in Solaris to expand our strategic options and further drive our growth. We are excited to do this together with SBI Group, another long-standing partner of the Boerse Stuttgart Group.” Dr. Matthias Voelkel, CEO of the Boerse Stuttgart Group
This financing builds on the Series F round in March 2024, which secured EUR 96 million in equity and financial guarantees of up to EUR 100 million. These funds were instrumental in the successful migration of the groundbreaking ADAC credit card program in September 2024 and further strengthening the resilience of the Solaris platform.
Perella Weinberg Partners acted as exclusive financial and strategic advisor to Solaris during the Series G financing round.
Read the orginal article: https://ffnews.com/newsarticle/funding/solaris-secures-eur-140-million-financing-round/
