Founded Year

2016

Stage

Series D | Alive

Total Raised

$402.46M

Valuation

$0000 

Last Raised

$224M | 1 yr ago

Revenue

$0000 

About Solaris

Solaris is a Berlin-based fintech company that offers Banking as a Platform service. solarisBank provides a banking platform that allows mostly digital companies and financial services start-ups to access various banking service modules, which then can be integrated into their processes, websites, or mobile applications. The company was formerly known as Solarisbank and changed its name to Solaris in 2022. The company was founded in 2016 and is based in Berlin, Germany.

Solaris Headquarters Location

Cuvrystrabe 53

Berlin, 10997,

Germany

+49 (0) 30 232 5678 599

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Solaris's Products & Differentiation

See Solaris's products and how their products differentiate from alternatives and competitors

  • Fully digital KYC

    We use an in house self built German regulatory compliant KYC called BankIdent

    Differentiation

    The usual KYC that is compliant with regulation will require video identification, BankIdent does not require this but is fully compliant with German regulation. 

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    Differentiation

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  • Subscribe to see more

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

  • Subscribe to see more

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

Research containing Solaris

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Solaris in 1 CB Insights research brief, most recently on Oct 12, 2021.

Expert Collections containing Solaris

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Solaris is included in 5 Expert Collections, including Banking.

B

Banking

1,205 items

U

Unicorns- Billion Dollar Startups

1,180 items

F

Fintech 250

498 items

F

Fintech

4,779 items

Track and capture company information and workflow.

G

Green Fintech

259 items

a collection of fintech companies that have an explicitly defined environmental focus at the core of their business.

Latest Solaris News

German crypto bank Nuri with 500K users files for insolvency

Aug 10, 2022

Nuri stated that it has been facing a “lasting strain” on its business liquidity in 2022 due to “significant macroeconomic headwinds and the cooling down of public and private capital markets.” 742 Total views News Nuri, a German start-up crypto bank with 500,000 customers filed for insolvency on Aug. 9, citing major crypto sell-offs, insolvency of Celsius and other crypto funds earlier this year as a reason for the move. The crypto bank said the move will “ensure the safest path forward” for all its customers, but also stressed that the insolvency will not affect its services, customer funds, investments, or the ability for customers to withdraw their assets from the platform. Nuri filed for insolvency on Tuesday, August 9th, 2022. This does not affect our services, customer funds or investments. You can find a complete statement of this situation on the Nuri Blog: https://t.co/UgAyckWE7J Some customers have reported difficulties withdrawing their assets through Nuri's mobile app, however, Nuri on Twitter said this has been the result of high traffic and usage, and again stressed that "funds are safe. "  Notably, the firm itself doesn’t actually handle customer’s fiat and crypto funds due to a partnership Solarisbank AG. According to the Solaris Group website, Nuri partnered with the bank and its crypto subsidiary Solaris Digital Assets to outsource banking and crypto custody licensing. This enabled Nuri to scale its operations and services by utilizing Solaris’ banking and crypto asset infrastructure/licensing. With Solaris not facing any liquidity issues, Nuri is essentially able to carry on its services while the company undergoes restructuring, unlike other firms that have run into the same issues . “Let us reiterate the most important information for you: All funds in your Nuri accounts are safe due to our partnership with Solarisbank AG. The temporary insolvency proceedings do not affect your deposits, cryptocurrency funds and Nuri Pot investments which have been done with us.” “You have guaranteed access and will be able to deposit and withdraw all funds freely at any time. For the time being, nothing will change and Nuri’s app, product, and services will continue to run,” Nuri added. Nuri stated that it has been facing a “lasting strain” on it’s business liquidity in 2022 due to “significant macroeconomic headwinds and the cooling down of public and private capital markets” such as the global pandemic and the Russian invasion of Ukraine. “Additionally, various negative developments in the crypto markets earlier this year, including major cryptocurrency sell-offs, the implosion of the Luna/Terra protocol, the insolvency of Celsius and other major Crypto funds have led to a crypto bear market,” Nuri wrote. Berlin-based Nuri, formerly named Bitwala, was founded in 2015 and offers crypto savings accounts, portfolio investment baskets dubbed “Nuri Pots” and crypto trading services which it charges 1% trading fees on. "We are confident that the temporary insolvency proceedings offer the best basis for developing a viable long-term restructuring concept in the company's current situation," it added. Nuri joins a host of crypto firms that have run into liquidity issues during the bear market of 2022, with the most notable names being Voyager Digital , Celsius and Three Arrows Capital.

Solaris Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Solaris Rank

  • When was Solaris founded?

    Solaris was founded in 2016.

  • Where is Solaris's headquarters?

    Solaris's headquarters is located at Cuvrystrabe 53, Berlin.

  • What is Solaris's latest funding round?

    Solaris's latest funding round is Series D.

  • How much did Solaris raise?

    Solaris raised a total of $402.46M.

  • Who are the investors of Solaris?

    Investors of Solaris include BBVA, Yabeo Capital, Cercano Management, Samsung Catalyst, HV Capital and 17 more.

  • Who are Solaris's competitors?

    Competitors of Solaris include Kontist, Klarna, Griffin, Alviere, Codat, Vivid Money, Enfuce, N26, Swan, Plaid and 12 more.

  • What products does Solaris offer?

    Solaris's products include Fully digital KYC and 3 more.

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