German BaaS provider Solaris raises EUR 140M rescue funding led by SBI Holdings with harsh terms leaving previous investors massively diluted at 80:20 split.
Japanese investor SBI Holdings takes 70-80% stake in German BaaS provider Solaris with €100-150M rescue funding. How the unicorn's valuation crash wipes out investors.
German BaaS provider Solaris avoids liquidation as shareholders reject closure with SBI Holdings likely to provide rescue funding and majority stake. What happens next.
German BaaS provider Solaris seeks €100-150M funding or buyer as first-mover advantage becomes liability. Why the banking-as-a-service pioneer struggles after nine years.
Solaris shuts down EMI business from Contis acquisition while launching ADAC co-branded credit card. Why the German BaaS provider pivots to enterprise partnerships.
German BaaS provider Solaris raises €96M after €6.5M BaFin fine to onboard ADAC co-branded credit card. Why the pivot to enterprise deals could define 2024.
