OverviewSuggest Edit

Solarisbank is a provider of a banking-as-a-service platform that enables companies to offer their own financial products. Through APIs, partners gain access to Solarisbank’s modular services including bank accounts, payments and e-money, identification and lending services, digital banking, as well as services provided by integrated third-party providers.
TypePrivate
Founded2016
HQBerlin, DE
Websitesolarisbank.com
Employee Ratings3.9

Latest Updates

Employees (est.) (Jun 2021)425(+4%)
Revenue (FY, 2019)€28.1 M(+88%)
Cybersecurity ratingAMore

Key People/Management at Solarisbank

Ronald Folz

Ronald Folz

Chief Executive Officer
Hima Mandali

Hima Mandali

Chief Technology Officer
Thom Rasser

Thom Rasser

Chief Financial Officer
Daniel Seifert

Daniel Seifert

Chief Operating Officer
Joerg Diewald

Joerg Diewald

Chief Commercial Officer
Jörg Howein

Jörg Howein

Chief Product Officer
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Solarisbank Office Locations

Solarisbank has an office in Berlin
Berlin, DE (HQ)
2 Anna-Louisa-Karsch-Straße
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Solarisbank Financials and Metrics

Summary Metrics

Founding Date

2016

Solarisbank total Funding

$179.4 m

Solarisbank latest funding size

$67.48 m

Time since last funding

a year ago

Solarisbank investors

Solarisbank's latest funding round in June 2020 was reported to be $67.5 m. In total, Solarisbank has raised $179.4 m. Solarisbank's latest valuation is reported to be $360 m.
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Solarisbank Revenue

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Solarisbank's revenue was reported to be €28.1 m in FY, 2019 which is a 87.5% increase from the previous period.
EUR

Revenue (FY, 2019)

28.1m

Revenue growth (FY, 2018 - FY, 2019), %

87.5%

Gross profit (FY, 2019)

19.2m

Gross profit margin (FY, 2019), %

68.3%

Net income (FY, 2019)

(23.1m)

Market valuation

360.0m

Cash (31-Dec-2019)

210.2m
EURFY, 2017FY, 2018FY, 2019

Revenue

4.7m15.0m28.1m

Revenue growth, %

222%88%

Cost of goods sold

1.5m4.8m8.9m

Gross profit

3.2m10.2m19.2m
EURFY, 2017FY, 2018FY, 2019

Cash

9.8m87.8m210.2m

Accounts Receivable

136.8m180.1m

Prepaid Expenses

4.0m7.2m12.9m

PP&E

523.9k718.8k783.3k
EURFY, 2017FY, 2018FY, 2019

Net Income

(15.7m)(18.3m)(23.1m)

Depreciation and Amortization

668.3k1.8m2.9m

Accounts Payable

16.4m163.3m175.3m

Cash From Operating Activities

(21.3m)37.1m118.7m
EURFY, 2017

Revenue/Employee

47.5k

Financial Leverage

3.7 x
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Solarisbank Operating Metrics

Solarisbank's Enterprise Customers was reported to be 70 in Jun, 2020.
Mar, 2018FY, 2018FY, 2019Jun, 2020

Clients

400 k

Enterprise Customers

6070

Products

55
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Solarisbank Acquisitions / Subsidiaries

Company NameDateDeal Size
solaris Digital Assets GmbH

Solarisbank Cybersecurity Score

Cybersecurity ratingPremium dataset

A

94/100

SecurityScorecard logo

Solarisbank Online and Social Media Presence

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Solarisbank News and Updates

‘Massive’ potential for embedded finance in Europe - Solarisbank

Research by Solarisbank and the Handelsblatt Research Institute has found considerable conversion potential for e-commerce providers to offer financial services in Germany, confirming the significant opportunity embedded finance may hold across Europe.

Solarisbank migrates to the cloud

Berlin-based banking-as-a-service platform Solarisbank has migrated its entire technology stack to Amazon Web Services.

Curv signs new partnership with Solarisbank subsidiary Solaris Digital Assets

Strategic relationship with banking innovator extends Curv’s reach into Europe, supporting delivery of Solarisbank’s new custody solution Strategic relationship with banking innovator extends Curv’s reach into Europe, supporting delivery of Solarisbank’s new custody solution

Solaris Digital Assets wins Bitwala as partner for digital asset custody

Solaris Digital Assets GmbH, a 100% subsidiary of Solarisbank AG, today announced that it has won Bitwala, Germany’s crypto-banking flagship company, as a partner for its digital asset custody solution. Through this partnership, Bitwala now leverages the full spectrum of Europe’s leading Banking-as-…

Samsung Pay taps Solarisbank to connect with any German bank account

Samsung has joined forces with Visa and Solarisbank to enable Germans to link an account with almost any bank to its contactless mobile payments service.

Solarisbank brings Samsung pay to Germany

Solarisbank AG, Europe's leading Banking-as-a-Service platform, today announced a partnership with Samsung Electronics and Visa to bring Samsung Pay, a leading mobile payment solution, to Germany.
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Solarisbank Blogs

solaris Digital Assets: driving digital asset adoption

When solarisBank launched the Blockchain Factory in 2018 with the goal of bridging the worlds of blockchain and banking, we really hit the nail on the head. As a tech company with a full German banking license, we became the go-to address for ambitious digital asset pioneers looking for a licensed b…

Making moves: solarisBank’s new Kreuzberg office

Take a moment to indulge in the view above. In a few months’ time, this is what our solarians will be gazing at from their office windows. But before we reveal all the details of our new office, let us take you along a journey of how we got there …Back in 2015, when the founding team of solarisBank …

What the hell is Banking as a Service? And what is it not?

With the surging number of new banking and fintech business models emerging on the scene, it can be hard to keep them all apart. The term “Banking as a Service”, especially, still has many scratching their heads. But scratch no more! We’re here to guide you through the jargon jungle of the new banki…

Get to know our new CFO and CTO

Thom (left) and Hima have big plans for solarisBankWe are delighted to introduce to you two new faces in our leadership team! Our new CTO, Hima Mandali, joins us from the US, bringing with him 10 years of experience building the tech infrastructure at banking giant Capital One. Thom Rasser, a season…

Interview: how Trade Republic is revolutionizing stock trading

As one of the hottest fintechs on the scene right now, our partner Trade Republic has reliably been making the headlines lately. Just months after it’s public launch in May, Trade Republic has announced its Series-A investment — a juicy 10 million Euro round led by prolific venture capital fund Crea…

Automotive Banks: The Unsung Heroes of Banking Innovation

Not only are automotive banks of systemic importance to Germany’s economy, they actually outperform each and every one of Germany’s traditional banks. What makes these banks so incredibly successful, and why do we consider them to be the pioneers of contextual banking? By Jörg Diewald, CCO solarisB…
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Solarisbank Frequently Asked Questions

  • When was Solarisbank founded?

    Solarisbank was founded in 2016.

  • Who are Solarisbank key executives?

    Solarisbank's key executives are Ronald Folz, Hima Mandali and Thom Rasser.

  • How many employees does Solarisbank have?

    Solarisbank has 425 employees.

  • What is Solarisbank revenue?

    Latest Solarisbank annual revenue is €28.1 m.

  • What is Solarisbank revenue per employee?

    Latest Solarisbank revenue per employee is €66.1 k.

  • Who are Solarisbank competitors?

    Competitors of Solarisbank include Rubique, Stripe and Codat.

  • Where is Solarisbank headquarters?

    Solarisbank headquarters is located at 2 Anna-Louisa-Karsch-Straße, Berlin.

  • Where are Solarisbank offices?

    Solarisbank has an office in Berlin.

  • How many offices does Solarisbank have?

    Solarisbank has 1 office.