Berlin-based solarisBank has raised about $70 million (€56.6 million) in funding to further expand its banking platform and to create new products, the bank announced today.
Investors in the new round for the fintech, which was one of the first to gain a full banking license after its launch in 2016, include payments processor Visa and Spanish bank BBVA, as well as capital from ABN AMRO’s Digital Impact Fund.
As well as its banking license, solarisBank offers “banking-as-a-platform” technology to its corporate clients—which it hopes to increase to over 100 by the end of 100—and offers products in three categories of banking., These include digital banking and cards, payments and “e-money,” and lending and deposits.
Its latest round of funding will be used to help foster further growth, the bank said in today’s press release, as well as the continued development of its online banking platform and the launch of new products.
Read more at PYMNTs and TechCrunch.