Berlin-based fintech company Solaris has recently announced that it has secured €38 million in Series F funding. This significant investment comes as the company aims to achieve profitability and further expand its operations in the financial technology sector.
Solaris, founded in 2016, offers a range of innovative financial solutions to businesses and individuals. The company’s primary focus is on providing efficient and cost-effective payment processing services, enabling businesses to streamline their financial operations and improve cash flow management.
The latest funding round was led by a consortium of investors, including existing backers such as HV Capital, Lakestar, and Picus Capital, as well as new investors like Samsung Catalyst Fund and Storm Ventures. This strong support from both existing and new investors is a testament to the confidence in Solaris’ business model and growth potential.
With the newly secured funds, Solaris plans to invest in its technology infrastructure, expand its team, and accelerate its international expansion efforts. The company aims to strengthen its position in the European market and explore opportunities in other regions, such as North America and Asia.
Solaris has already made significant strides in the fintech industry, with its user-friendly platform and advanced payment solutions. The company’s technology allows businesses to accept payments from various channels, including online, mobile, and in-store, while also offering features like recurring billing and subscription management.
One of the key factors that sets Solaris apart from its competitors is its commitment to achieving profitability. While many fintech startups focus solely on growth and market share, Solaris has prioritized building a sustainable business model from the start. This approach has allowed the company to attract investors who value long-term profitability and stability.
Solaris’ CEO, Andreas Bittner, expressed his excitement about the recent funding round and the company’s future prospects. He stated, “This investment will enable us to continue our mission of providing businesses with innovative financial solutions while also driving profitability. We are confident that our technology and strategic expansion plans will position us as a leader in the fintech industry.”
The COVID-19 pandemic has further highlighted the importance of digital financial services, as businesses and individuals increasingly rely on online transactions. Solaris’ secure and efficient payment processing solutions have become even more relevant in this rapidly evolving landscape.
As Solaris continues to grow and expand, it aims to forge strategic partnerships with banks, financial institutions, and other fintech companies. By collaborating with established players in the industry, Solaris can leverage their expertise and networks to further enhance its offerings and reach a wider customer base.
In conclusion, Solaris’ successful Series F funding round marks a significant milestone for the Berlin-based fintech company. With a focus on achieving profitability, the company is well-positioned to capitalize on the growing demand for digital financial services. As Solaris continues to innovate and expand its operations, it is poised to become a key player in the global fintech landscape.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Automotive / EVs, Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- BlockOffsets. Modernizing Environmental Offset Ownership. Access Here.
- Source: Plato Data Intelligence.