Solarisbank, a European fintech platform, has disclosed that the company has changed its name to “Solaris.” The business stated that the rebrand symbolizes its development. The financial platform has been able to expand its staff to over 750 people amidst the most recent international expansion initiatives.

Nearly a year after raising EUR 190 million in a Series D investment round that was oversubscribed, Solaris made its most recent statement. At the conclusion of the funding round in July 2021, Solaris was valued at EUR 1.4 billion.

In 2021, Solaris generated more than 100 million euros in combined net revenue. The fintech company, which has its headquarters in Berlin, is present in both Europe and India. The company, according to Roland Folz, Group CEO of Solaris, has a dynamic environment.

“Driven by the vision of creating a world where financial services seamlessly sync with life, the name Solaris symbolizes for us in its purest form the energy that powers us to make this dream a reality. Today, Solaris is a dynamic and constantly evolving ecosystem that grows with and simultaneously influences the market over the years,”

                                                                                     Roland Folz, Group CEO of Solaris.

Dennis Winter and Ingmar Krusch were named as Chief Technology Officer and Chief Information Officer, respectively, by Solaris in May 2022.

“As a technology company with a German banking license, Solaris has always been a special player in the fintech ecosystem. Today, we are a pan-European platform with a broad product offering and steep vertical integration. Our tech DNA has enabled our growth in the past and will ensure our success in the future. Solaris is our brand core and unification across the group is only logical,”

                                                                                 Layla Qassim, Chief of Staff at Solaris.