Solarisbank apparently increases earnings
According to the Berlin-based fintech, it was able to increase its total revenue by 84 percent to 35 million euros. Now it wants to conquer new markets in Europe.
In the 2020 financial year, Solarisbank apparently recorded income of 35 million euros. The Managing Director responsible for finance, Thom Rasser, told the Handelsblatt. Compared to the 2019 financial year, this would represent an increase of 84 percent. However, the Berlin-based fintech is not yet in the black. The loss for 2020 is likely to be 27 million euros. In 2019, it was still 23 million euros. "Growth is our priority. We are only aiming to break even in the medium term," Rasser told Handelsblatt.
Solarisbank plans to start its expansion abroad this year. The plan is to offer IBANs in France, Spain and Italy from the summer and to set up branches there. The last time the fintech received fresh money was in June 2020: Solarisbank raised 60 million euros in a financing round.
Newsletter
Startups, stories and stats from the German startup ecosystem straight to your inbox. Subscribe with 2 clicks. Noice.
LinkedIn ConnectFYI: English edition available
Hello my friend, have you been stranded on the German edition of Startbase? At least your browser tells us, that you do not speak German - so maybe you would like to switch to the English edition instead?
FYI: Deutsche Edition verfügbar
Hallo mein Freund, du befindest dich auf der Englischen Edition der Startbase und laut deinem Browser sprichst du eigentlich auch Deutsch. Magst du die Sprache wechseln?
