Tag: Solaris
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Solaris Reports Net Loss Of 56 Million Euros!
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Increased personnel costs, in particular, reduced earnings last year. The Berlin-based fintech aims to break even before the end of 2023.
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Solaris Is Facing A 50 Million Financing Round – Equity Is Urgently Needed!
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German fintechs are increasingly attracting the interest of venture capitalists again. Now, Berlin-based Solaris is on the verge of a new financial injection with a financing round soon, raising a mid-double-digit million amount – about €50 to 60 million from existing investors.
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Post From The Regulator: FinTechs On Bafin’s Radar!
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BaFin is likely to monitor FinTechs more closely after the debasement in the Wirecard case. That certainly can’t hurt. Check 24’s C24 Bank and Solaris have recently received unpleasant notices from financial regulators.
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Solaris CEO Roland Folz Hands Over To Carsten Hoeltkemeyer!
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After six years at the helm, co-founder and CEO Roland Folz is waving goodbye to Solaris next year. He will leave the company on April 30, 2023, to be succeeded by Carsten Höltkemeyer, former chairman of the supervisory board of lending platform auxmoney.
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Berlin-Based Solaris Posts Higher Losses And Needs To Refocus On Profitability!
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The Berlin fintech Solaris (website) had to accept a higher loss last year due to increased personnel expenses. The pre-tax loss at the Berlin-based fintech rose by around 24% year-on-year to almost 42 million euros. The company hired 88 new employees and employed 425 people in December 2021. This led…
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German Crypto Bank Nuri Filed For Insolvency!
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Crypto Winter and the Celsius virus officially arrived in Germany. Berlin-based digital bank Nuri (website) filed for insolvency only two months after announcing layoffs. The crypto fintech struggled with the rout in crypto prices and economic uncertainty. Nuri (previously Bitwala) was not able to find fresh funds. In a statement, the…
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Berlin-Based BaaS Provider Solarisbank Becomes Solaris!
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The Berlin-based Banking-as-a-Service provider Solarisbank (website) wants to be perceived primarily as a tech company, not as a classic bank. Consequently, Solarisbank is removing the word “bank” from its name and will thus only be called Solaris. The company intends to change its legal form and become an international SE…