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July 13, 2023

Solaris Secures €38M Funding to Boost Governance & Compliance

Berlin-based firm sets sights on growth while COO Chloé Mayenobe readies for new horizons. Exciting times ahead!

Solaris, the embedded finance platform, has successfully closed a Series F funding round, securing €38 million to fortify governance and compliance measures. Despite previous challenges, the company's resilient business model has shown promise, with half-year results indicating profitable operations.

As Solaris charts its course for expansion, the departure of Chief Operating Officer Chloé Mayenobe opens doors to new opportunities. As Solaris sets sail towards a profitable horizon, let's explore the company's recent developments and its commitment to revolutionizing the embedded finance landscape.

Solaris' latest funding round and strategic decisions position the company for continued growth and innovation in the embedded finance sector. With its strong financial foundation and unwavering dedication to excellence, Solaris is primed to shape the future of finance.

Carsten Höltkemeyer, CEO of Solaris who took over the role in October 2022, said “Over the last few months, we have been working hard on our priorities. We invested in the resilience of our platform, we are consistently hitting our monthly targets, and we have now secured the planned capital increase. The strong commitment of our shareholders is a testament to our strategy and the dedication of our employees”.

“Despite the good progress we have made, we are still in the early stages of implementing our strategy. Our next milestone will be the integration of Contis in order to exploit the full potential of our technology and product platform. This will be accompanied by further reduction of complexities and focus on our core products. Solaris will become a highly efficient and performance-driven company with a sustainable run-rate profitability” says Höltkemeyer.

Neil Hodgson Coyle
Neil Hodgson-Coyle
Editorial chief at TechNews180
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