Berlin based API-accessible banking platform SolarisBank has raised €30m in Series B funding led by Index Ventures. The company will use the funds to target European expansion.
According to the source, Solaris will use the money for marketing and expanding across Europe as it looks to offer its Banking as a Platform (BaaP) service to more firms. The funding round was disclosed to all employees at a company-wide broadcast two weeks ago at their office in Berlin by CEO Marko Wenthin. Solaris has 94 employees to date and is further growing its team with three hires per week, on average for the past four months.