Backend Solutions for Solaris, Europe’s Leading Banking-As-A-Service Company
€100m
Raised in funding
Almost, inside three years — from Arvato, BBVA, Visa, Lakestar and ABN AMRO’s Digital Impact Fund.
400
People
At the Berlin fintech behind the platform.
3
Years to build it
In which the platform was built, the team scaled and the funding raised.
The client
Solarisbank is a Berlin fintech of around four hundred people, moving at a pace the financial industry rarely sees. Inside three years it built the platform, grew the team and raised nearly €100m. In 2020, pandemic notwithstanding, it closed Series C funding and put out major products alongside American Express, Samsung and Visa.
It holds a full banking licence, which lets other companies offer financial products of their own: modules for digital banking and lending, for instant credit and for e-money, plus third-party services integrated through an API.
The challengeWhat the teams actually needed
Rapid growth produced a familiar problem: keeping development moving at the pace a leading technology company expects of itself.
Challenge 01Pace against ambition
The rate of development had to match what the company wanted to achieve, which is where growing organisations usually come unstuck.
Challenge 02An ecosystem, not a product
The platform serves fintechs, established digital companies and banks at once, which multiplies what any change has to account for.
Challenge 03A licence to protect
Holding a full banking licence raises the cost of getting anything wrong.
What we did
Development capacity for a banking platform in a hurry
Solarisbank partnered with Netguru to take advantage of the capacity and experience its own growth had outrun.
E-money through to lending
Partners reach modules for digital banking and lending, for instant credit and for e-money.
Third parties integrated
Services from other providers are integrated with the platform through an API, which is what turns it into an ecosystem.
Fintechs, digital companies, banks
The same platform has to work for three quite different kinds of customer.
Keeping development up
The partnership existed to hold the rate of development where the company’s ambitions required it.
Client testimonial
Our cooperation with Netguru is a true partnership. Whenever we faced challenges this year, we could rely on Netguru for our urgent staffing needs and time-critical deliverables. The Netguru team has gone above and beyond any expectations of what a strong and reliable partner can be. It's a pleasure to continue our growth with such an outstanding tech company.
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What’s next