Berlin fintech start-up solarisBank has booked a cool EUR 60 million in its latest round of financing. The company, which was founded in 2016, has taken in more than EUR 160 million from investors.
Along with mobile phone bank N26, solarisBank is one of few German fintechs with a full bank license under the supervision of the regulatory agency Bafin. The company hopes it may be a beneficiary of the ongoing Wirecard scandal, as it also specializes in white label banking and banking as a service.
“Right now we’re looking at everything to see if we might be able to continue Wirecard’s business areas and give customers a new home,” solarisBank chairman of the board Roland Folz told German business newspaper Handelsblatt.
solarisBank’s current value has been estimated at EUR 360 million.