BBVA, Visa, Lakestar and ABN Amro have contributed to a EUR56.6 million funding round in German banking-as-a-service platform solarisBank.
German challenger bank Penta is coming out of private beta and officially opening its small business banking account to startups on its home territory.
Banking-as-a-service platform solarisBank has signed its first integration deal with a Tier 1 bank, providing instant digital loans to Moneyou, the online brand of ABN Amro.
solarisBank, a German banking platform with a full banking license, has chosen SIA, a company specializing in the processing of electronic payments, to support the launch of new contactless debit cards and to contribute to the development of electronic payment solutions.
Lendico, the international peer-to-peer lending provider for small and mediumsized enterprises (SME), has concluded a cooperation with solarisBank, the first digital banking platform with a full banking licence.
FinLeap, the startup platform behind Germany's solarisBank, has secured EUR39 million in equity capital to support its ongoing fintech incubation programme.
The Danish fintech startup Hufsy is ready to offer fellow startups a banking service beyond what they are used to.
German banking-as-a-service platform solarisBank has confirmed a EUR26.3 million funding round from a cohort of international investors, including Arvato Financial Solutions - the financial services subsidiary of local media outfit Bertlesmann - and Japan's SBI Group.
Penta, the Berlin based bank account for startups and businesses, has partnered with solarisBank, the banking platform empowering ﬁnance pioneers, as their banking partner to offer businesses fast access to bank accounts.
German Banking-as-a-Platform (BaaP) startup solarisBank is in the process of raising EUR30 million in a Series B funding round as it gears up to go live with a host of fintech firm partners, Finextra understands.
© Finextra Research 2018