Japan’s SBI Holdings is set to become the majority owner of German fintech Solaris SE, contributing the largest share in a current €100–150 million fundraising round. Solaris, which provides white-label banking services, is restructuring after a €178 million loss in 2023. It is slashing staff and addressing challenges with acquisitions and regulatory disputes. With backers like Visa and ABN Amro, Solaris aims to achieve profitability within two years under a newly finalized financing strategy.
Japan’s SBI Set to Become Majority Owner of Fintech Solaris
