SBI Holdings Secures Majority Stake in German FinTech Solaris
January 6, 2025 at 2:44 PM GMT+0

SBI Holdings Secures Majority Stake in German FinTech Solaris

In a strategic move to expand its footprint in the European fintech sector, Japan's SBI Holdings Inc. has agreed to acquire a controlling stake of over 70% in Solaris SE, according to Bloomberg. The acquisition comes as part of a new fundraising round for Solaris, and will see SBI invest approximately EUR100 million ($103 million) into the German fintech firm.

In addition to SBI's investment, Solaris is also set to raise additional funds from German exchange operator Borse Stuttgart and other existing investors, bringing the total capital raised to around EUR150 million, according to insiders speaking on condition of anonymity. The financing round also includes the issuance of new AT1 bonds.

A Solaris spokesperson noted, "Solaris has reached an important milestone in its financing process. A group of investors and partners have developed a coordinated financing concept that has been submitted to our shareholders for approval." The finalization of this agreement is anticipated by the end of the month.

This injection of capital is expected to provide Solaris with the financial stability it needs to reach profitability within approximately two years. Previously, SBI had led a EUR96 million funding round for Solaris in March.

Despite its sizable valuation of about $1.6 billion in 2021, Solaris has faced challenges in achieving financial stability. These challenges include a regulatory dispute with the German financial authority BaFin, losses from a past acquisition, and costs associated with acquiring a credit card portfolio from the German motorist club ADAC. The company has also significantly reduced its workforce from over 700 to about 450 employees in a cost-cutting measure.

Source: IndexBox Market Intelligence Platform

  1. 1. INTRODUCTION

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    1. REPORT DESCRIPTION
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  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

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  3. 3. MARKET OVERVIEW

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    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
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  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2024
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  10. 10. PROFILES OF MAJOR PRODUCERS

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  12. LIST OF TABLES

    1. Key Findings In 2024
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    8. Import Prices, By Country Of Destination, 2012–2024
    9. Exports, In Physical Terms, By Country, 2012–2024
    10. Exports, In Value Terms, By Country, 2012–2024
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  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
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    3. Consumption, By Country, 2024
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    6. Products: Market Size And Growth, By Type
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    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2024
    18. Production, In Value Terms, 2012–2024
    19. Production, By Country, 2024
    20. Production, In Physical Terms, By Country, 2012–2024
    21. Imports, In Physical Terms, 2012–2024
    22. Imports, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, By Country, 2024
    24. Imports, In Physical Terms, By Country, 2012–2024
    25. Imports, In Value Terms, By Country, 2012–2024
    26. Import Prices, By Country, 2012–2024
    27. Exports, In Physical Terms, 2012–2024
    28. Exports, In Value Terms, 2012–2024
    29. Exports, In Physical Terms, By Country, 2024
    30. Exports, In Physical Terms, By Country, 2012–2024
    31. Exports, In Value Terms, By Country, 2012–2024
    32. Export Prices, 2012–2024

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