Solaris has received regulatory approval for the takeover by SBI Group. This development follows Solaris’s €140 million Series G funding round secured earlier this year, which aimed at fostering sustainable growth and increasing the company’s profitability.
Yoshitaka Kitao, the top executive of SBI Holdings, expressed confidence in Solaris’s potential to dominate Europe’s embedded finance market with SBI’s backing. This indicates a significant strategic partnership intended to accelerate Solaris’s development and cement its market presence.
Additionally, there has been a notable change in Solaris’s supervisory board. Katharina Gehra has been appointed to the board, replacing Burkhard Eckes. Gehra brings extensive experience from her background in banking, consulting, and private equity, which is expected to be valuable for the company’s future endeavors. The current board now includes members James Freis, Tomoyuki Nii, Masashi Okuyama, and Yasuhiro Fujiki.
This strategic maneuver highlights the strong foundation being laid for Solaris’s future growth. With fresh leadership and robust support from SBI Group, Solaris aims to leverage this partnership for accelerated development and market leadership in embedded finance. The unified goal is clear: to establish a dominant position in the market through collaborative efforts and strengthened governance.
The progress made signifies a positive trend for Solaris, reflecting their commitment to sustainable growth and continued innovation in the embedded finance sector.
