<center>https://www.nehans.net/steembd/wp-content/uploads/2018/03/8bd1c56984b6ba13ccc35ef96ce1c5a5.jpeg</center> <br /><img src="https://tctechcrunch2011.files.wordpress.com/2018/03/solarisbank-ceo-and-chairmann-c2a9-max-threlfall.jpg?w=738" /><br> <p><a target="_blank" href="http://www.solarisbank.de/">SolarisBank</a>, the Berlin-based &ldquobanking platform&rdquo co-founded by fintech <a target="_blank" href="https://techcrunch.com/2016/06/13/finleap-of-faith/">company builder Finleap</a>, seems to be a significant roll.</p> <p>The organization, which now claims nearly 60 corporate clients who offer various financial services operated by solarisBank, has closed &euro56.six million in Series B funding inside a round which includes a quantity of new proper and financial investors.</p> <p>Particularly, they include Spanish banking giant BBVA &mdash which only yesterday <a target="_blank" href="https://techcrunch.com/2018/03/07/atom-bank-206m/">upped its investment</a> within the U.K. challenger bank Atom &mdash Visa, Lakestar, and ABN AMRO&rsquos Digital Impact Fund (DIF). Additionally, previous investors Arvato Financial Solutions, and SBI Group have elevated their commitment, as i comprehend the Series B includes a tiny bit of secondary funding as numerous existing shareholders exit.</p> <p>I&rsquove also found that solarisBank&rsquos Series B keeps <a target="_blank" href="https://techcrunch.com/2016/03/14/solarisbank/">Finleap as the leading shareholder</a>, holding about 30 percent. BBVA has become the second biggest investor with all of other investors below 10 percent (incidentally, the co-founders of solarisBank, Finleap not incorporated, are minority shareholders).</p> <p>Founded in March 2016, solarisBank provides a Banking-as-a-Platform and holds a complete banking license, meaning it offers both technology and also the banking rails required to offer various banking and lending options, such as the needed regulatory mandate. Within this sense, it&rsquos a B2B2C play, letting other fintech startups and firms, or any corporate seeking to get into financial services, connect to the tools to do this, and, perhaps, in a reduced cost and risk profile than going it alone and building on your own.</p> <p>Others within the BaaS space range from the U.K.&rsquos <a target="_blank" href="https://techcrunch.com/2017/08/09/railsbank/">Railsbank</a> (which, basically understand properly, is really a person of solarisBank and doesn&rsquot have its very own banking license), and also to a smaller extent something liker challenger bank Starling which, apart from its very own <a target="_blank" href="https://techcrunch.com/2017/03/16/starling-bank-a-digital-only-uk-challenger-bank-launches-beta/">consumer current account</a>, is building a significant compelling <a target="_blank" href="https://www.starlingbank.com/paymentservices/">payments product</a>, which is often used by other fintech startups including Railsbank.</p><div><div></div></div> <p>To that particular finish, solarisBank states it's active in seven countries, and expects to improve its subscriber base to in excess of 100 corporate clients through the finish of the season. The plethora of products the solarisBank platform can power is very far-reaching, getting been designed as a number of modules. They broadly fall under three groups.</p> <p>&ldquoDigital banking &amp cards,&rdquo which clients may use like a backbone to construct retail or SME banking choices (<a target="_blank" href="https://techcrunch.com/2018/02/05/penta-seed/">Penta is one such as example</a>). &ldquoWe also have acquired interest from traditional banks to construct a brand new digital subsidiary around or retail or online businesses, which want to offer their clients an own banking account or payment card,&rdquo solarisBank Chief executive officer Dr. Roland Folz informs me. Which has echoes of Amazon . com&rsquos reported plans to provide a branded banking account.</p> <p>These guys &ldquoPayments and E-Money,&rdquo which helps companies to provide gift certificates, vouchers, P2P payments or mix-border payments via solarisBank&rsquos fully digital Payment APIs. For example, fashioncheque is providing a pre-balance credit card you can use to buy fashion at various retailers.</p> <p>Lastly, &ldquoLending &amp Deposits&rdquo lets companies integrate consumer loans or SME loans straight into their very own choices. This really is getting used by online platforms, for example marketplaces for used cars for sale in addition to comparison portals, introducing a credit product under their very own brand (e.g. solarisBank&rsquos recent <a target="_blank" href="https://solarisbank.pr.co/164045-smava-and-solarisbank-enter-strategic-partnership-with-own-kredit2day-consumer-loan">partnership</a> with smava).</p><p>Find out more: <a href="https://techcrunch.com/2018/03/07/banking-platform-solarisbank-closes-e56-6m-series-b-from-bbva-visa-lakestar-and-others/">https://techcrunch.com/2018/03/07/banking-platform-solarisbank-closes-e56-6m-series-b-from-bbva-visa-lakestar-and-others/</a></p></p><br /><center><hr/><em>Posted from my blog with <a href='https://wordpress.org/plugins/steempress/'>SteemPress</a> : https://www.nehans.net/steembd/2018/03/10/banking-platform-solarisbank-closes-56-6m-series-b-from-bbva-visa-lakestar-and-others/</em><hr/></center>