Reported 2 days ago
SBI Holdings Inc. from Japan has agreed to acquire over 70% of the stakes in German fintech Solaris SE, as part of a new funding round expected to reduce the company’s valuation. Solaris aims to raise around €150 million, which includes €100 million from SBI and contributions from other investors. The funding will help Solaris achieve profitability within two years, balancing the challenges posed by Germany's economic situation and regulatory scrutiny.
Source: YAHOO