Company Overview
About Solaris
Solaris is a German Banking-as-a-Service (BaaS) company founded in 2016 and headquartered in Berlin, Germany. Licensed as a full credit institution under German banking law, Solaris provides an API-based embedded finance infrastructure that allows non-bank companies — fintechs, corporates, and digital platforms — to offer regulated financial products without obtaining their own banking license. Core offerings include digital accounts, cards-as-a-service, lending APIs, payment processing (including instant SEPA), and Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance tooling. Notable clients include ADAC and Boerse Stuttgart Group.
Business Model & Competitive Advantage
Solaris has faced a turbulent period following rapid growth and a regulatory scrutiny episode with BaFin (Germany's financial regulator). The company raised an urgent €140M round to stabilize its balance sheet, and in early 2026 announced a strategic transformation into what it calls Europe's first AI-native bank — a model in which AI agents handle the bulk of operational processes while humans retain governance and control responsibilities. In March 2026, this restructuring led to a 20% workforce reduction (approximately 80 roles), alongside the migration of its payment ledger onto the ACI Connetic cloud platform and deeper AI-driven AML capabilities.
Competitive Landscape 2025–2026
Majority ownership now rests with SBI Group, a major Japanese financial conglomerate based in Tokyo, which has signaled commitment to Solaris as a pan-European embedded finance infrastructure play. The company focuses exclusively on the European Economic Area market, operating within a tight regulatory framework but with the significant competitive advantage of a full banking license that most BaaS competitors lack.
Key Differentiators
Strong Challenger
Solaris is an established challenger with significant market presence and competitive offerings in Financial Services.
Frequently Asked Questions
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