Orrick Herrington & Sutcliffe advised ABN AMRO on the deal. Poellath advised Solarisbank.
Solarisbank, a Berlin startup that provides a range of financial services by way of some 180 APIs that others use to build end-user-facing products (including basic banking and card services, lending, payments, and know-your-customer services) has raised €190 million ($224 million) in a Series D that values the company at €1.4 billion ($1.65 billion) and announced the acquisition of one of its competitors in the space, Contis.
Led by Decisive Capital Management, the round also included Pathway Capital Management, CNP (Groupe Frère) and Ilavska Vuillermoz Capital. Existing investors led by yabeo Capital, alongside BBVA, Vulcan Capital and HV Capital, also participated in the round. Including the latest round, Solarisbank has raised more than €350 million since its 2016 founding.
The Orrick team includes Shawn Atkinson (Picture), Steve Tallon and Thomas Schmid.
The Poellath team included Christian Tönies, Dr. Sebastian Käpplinger, Dr. Sebastian Gerlinger, Markus Döllner and Leonard Pietsch.
Involved fees earner: Shawn Atkinson – Orrick Herrington & Sutcliffe LLP; Thomas Schmid – Orrick Herrington & Sutcliffe LLP; Stephen Tallon – Orrick Herrington & Sutcliffe LLP; Markus Döllner – P+P Pöllath + Partners; Sebastian Gerlinger – P+P Pöllath + Partners; Sebastian Käpplinger – P+P Pöllath + Partners; Christian Tönies – P+P Pöllath + Partners;