Solaris raises €140m; SBI now majority shareholder

Solaris SE, the Berlin-based embedded finance platform, announced the securing of a Series G funding round, with Japanese online financial conglomerate SBI Holdings Inc becoming the firm’s majority shareholder.

The round, with a total volume of €140 million, was led by SBI and Boerse Stuttgart Group “with contributions and equity supportive measures from a diverse group of investors and strategic partners.”

Solaris said: “As part of the Series G round, SBI Group will become the majority shareholder, signaling a transformative evolution in Solaris’s shareholder structure.

“Together with Boerse Stuttgart Group, SBI is currently undergoing an ownership control process, reinforcing their commitment to Solaris’s long-term success.”

Solaris CEO Carsten Höltkemeyer said: “The securing of our Series G funding marks the successful completion of a two-year transformation journey, providing the foundation for our continued growth.

“This fresh capital will not only support our operations until we reach profitability but will also accelerate our ability to seize market opportunities and build a strong core capital base.”

SBI Holdings CEO Yoshitaka Kitao said: “Becoming the majority shareholder in Solaris is a natural step in our ongoing investment journey with the company.

“Solaris is well-positioned with cutting-edge technology and an exceptional team to pioneer the next phase of embedded finance in Europe. We are excited to support Solaris in realizing its vision.”

Boerse Stuttgart Group CEO Matthias Voelkel said: “Solaris has been a partner of our fast growing digital and crypto business for years. Now we seize the opportunity by acquiring a stake in Solaris to increase our strategic options and further boost our growth.

“We are glad to do this jointly with SBI Group, another long-standing partner of Boerse Stuttgart Group.”

Perella Weinberg Partners acted as exclusive financial and strategic adviser to Solaris during the Series G funding round.