FinLeap and SolarisBank launch “Banking as a Platform”
Berlin-based fintech incubator FinLeap and SolarisBank have created the “first” global banking platform, called Solaris – a Banking as a Platform (BaaP) service.
FinLeap says it brought the team of entrepreneurs together, provided seed funding and support during the development phase for SolarisBank.
Jan Beckers, chairman of FinLeap and chairman of the supervisory board at SolarisBank, says: “We haven’t seen a bank that offers a technology platform like ours and can partner with so many different kinds of companies and business models.”
Beckers describes Solaris as a B2B2C (business-to-business-to-consumer) product. It is a modular-based toolkit offering account and transaction services, compliance and trust solutions, working capital financing and online loans.
Ramin Niroumand, co-founder and managing partner of FinLeap, says: “The German banking regulator – BaFin – expects flawless quality and the team did not rely on external consultants, but placed banking expertise directly into the team.”
Niroumand adds: “We had to find the needle in the haystack: bankers with years of experience who are still entrepreneurs at heart”.
One small step? One giant leap?
FinLeap says it provides entrepreneurs with €500,000 to €5 million in seed funding and a network of investors in the financial services sector.
SolarisBank is a tech company with a German full banking licence. Since its foundation in 2015, a team of 30 experts from entrepreneurship, banking, and development have teamed together.
The tech team is led by Peter Großkopf, who as the CTO of the Incubator HitFox Group founded various adtech and fintech start-ups. He also founded and led the software engineering company Zweitag.
The directors are Marko Wenthin and Andreas Bittner, who have founded and “grown” banks through various management and director positions.