Solaris

Solaris is the Berlin-based provider with a German banking licence behind accounts and cards at several brands covered on EFR. Coverage of brands such as ADAC, Lexware and Jimdo that launched banking products with Solaris, and of Solaris's ownership changes and 2026 repositioning.

ADAC and Solaris add savings accounts to the ADAC credit card

ADAC and Solaris launch savings accounts for ADAC credit card holders. Co-brand or embedded finance?

By Lars Markull

/ 8 Oct 2026

ADAC and Solaris add savings accounts to the ADAC credit card

Solaris Is Cutting 80 Jobs and Calling Itself an AI-Native Bank. The More Interesting Shift Is Who It Now Wants to Serve.

Solaris cuts 80 jobs and pivots to AI-native banking. But the more interesting question is who the Berlin BaaS pioneer now wants to serve.

By Lars Markull

/ 30 Mar 2026

Solaris Is Cutting 80 Jobs and Calling Itself an AI-Native Bank. The More Interesting Shift Is Who It Now Wants to Serve.

This is Solaris’ rescue funding and what it means for its investors

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.

By Lars Markull

/ 3 Feb 2025

This is Solaris’ rescue funding and what it means for its investors

From unicorn to rescue: SBI Holdings to take majority stake in Solaris

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.

By Lars Markull

/ 2 Jan 2025

From unicorn to rescue: SBI Holdings to take majority stake in Solaris

German BaaS provider Solaris avoids liquidation, but what’s the path ahead?

German BaaS provider Solaris avoids liquidation as shareholders reject closure with SBI Holdings likely to provide rescue funding and majority stake. What happens next.

By Lars Markull

/ 8 Dec 2024

German BaaS provider Solaris avoids liquidation, but what’s the path ahead?

Is banking-as-a-service provider Solaris for sale?

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.

By Lars Markull

/ 16 Nov 2024

Is banking-as-a-service provider Solaris for sale?

Solaris shuts down former Contis business and goes live with its first co-branded credit card partnership

Solaris shuts down EMI business from Contis acquisition while launching ADAC co-branded credit card. Why the German BaaS provider pivots to enterprise partnerships.

By Lars Markull

/ 19 Sep 2024

Solaris shuts down former Contis business and goes live with its first co-branded credit card partnership

My top 5 embedded finance news

Vertical SaaS launches payment product, marketplace and sports aggregator add lending, Enpal enters embedded finance, German supermarket adds insurance, and BaaS updates.

By Lars Markull

/ 21 Jul 2024

Quo vadis Solaris?

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.

By Lars Markull

/ 1 Apr 2024

lexoffice launches banking product in cooperation with Solaris

Lexoffice, Germany's leading digital invoicing platform, launches business bank account and debit card in partnership with Solaris to offer seamless embedded banking.

By Lars Markull

/ 1 Dec 2023

lexoffice launches banking product in cooperation with Solaris

All Eyes on BaaS: Solaris, Verestro, and American Express Make Moves

Solaris raises €38M, Polish startup Verestro launches BaaS platform, and American Express introduces Sync for easier API integration in banking-as-a-service.

By Lars Markull

/ 7 Aug 2023

All Eyes on BaaS: Solaris, Verestro, and American Express Make Moves

Website Builder Jimdo Launches Banking App

Jimdo introduces banking product with Solaris, offering bank account and Visa card to paid users, aiming to simplify finances for solo-preneurs and small businesses.

By Lars Markull

/ 24 Jun 2023

Website Builder Jimdo Launches Banking App