Solarisbank said to be close to funding round and rise to unicorn status

According to a media report, the fintech is about to close a financing round of 100 million euros and would be valued at more than one billion euros with this investment.

Solarisbank plans to go public in 2022, before which a financing round will be completed, according to reports from the fintech's environment back in April. The last part could now be implemented: As Finance Forward reports that Solarisbank is about to close a 100-million-euro round. This would give the fintech a valuation of more than one billion euros and place it in the ranks of the unicorns.

According to information from Finance Forward , the money will also be used to acquire a competitor of the same size as the fintech. It is not known which company this is, but it is said to be represented in markets other than Solarisbank. In contrast to other fintechs such as Trade Republic or Scalable Capital, Solarisbank is not focusing on organic growth of its own company.

Founded in 2016, the fintech operates a SaaS platform that it makes available to companies and other fintechs such as Bison or Trade Republic, enabling them to process their financial services. Solarisbank holds a license from Volksbank. Berliner now has over 400 employees. The last financing round was a year ago, and investors have invested a total of 160 million euros in the fintech to date.