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Banking-as-a-Service provider Contis has completed a significant step in becoming further integrated within the Solaris Group, with the Contis brand being retired. The Solaris partnership was introduced in early 2022 and delivers unrivalled products to the European markets while strengthening the Group’s competitive position in the embedded finance market.
The integration means the overall Solaris team consists of around 750 employees, with ten locations in eight countries across Europe and Asia. Solaris inherits Contis’ 14 years of payment innovation and market-leading suite of payments and processing solutions and adding e-money licences for UK and the EEA to its licence suite.
Dr Roland Folz, CEO of Solaris said: “Solaris has established itself as the leading platform for embedded finance in Europe. Combining our forces under the Solaris umbrella enables us to deliver the widest range of financial services within one strong brand across Europe. With multiple licences as well as offices in the largest European markets, our platform is unique in terms of market coverage.”
Solaris works with over 90 partners including Amex, Binance, Samsung and Vivid Money. Recently the group published its 2021 financial statements and announced new important partners such as ADAC and Paycell. These partnerships underline the company’s strategy to focus on the emerging embedded finance market, enabling established corporations with large ecosystems to deliver innovative financial experiences to their customers.
Lee Johnstone, Managing Director at Solaris (previously Contis MD) said: “The wealth of knowledge and product innovation that was nurtured at Contis for over a decade will continue to thrive within the Solaris Group. Our integration provides prospects and existing partners with a seamless point of entry to access combined solutions from across the group in a straightforward way with unmatched capabilities.”
Solaris is Europe’s leading embedded finance platform empowering the future of financial services. The tech company enables businesses to easily provide trusted and innovative financial experiences to their customers. Through smart APIs, partners can embed financial services quickly and compliantly into their own product offerings. Solaris is headquartered in Berlin and employs over 750 people at eight locations in Europe, India and Singapore. Combined net revenue in 2021 exceeded 100 million euros, representing growth of over 90 percent year-on-year.