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Solaris Investor SBI Completes Ownership Process
Solaris, Europe’s leading embedded finance platform, announced today that investor SBI Group has passed the required regulatory ownership control process.
The acquisition of the majority stake was announced as part of Solaris’s EUR 140 million Series G funding round, secured in February which will help lay the foundations for sustainable growth and accelerate the company’s path to profitability.
Yoshitaka Kitao, Representative Director, Chairman, President & CEO of SBIHD said: “We are incredibly proud to become the majority shareholder in Solaris. It’s an exciting time and with our support, we believe the organisation is well positioned to lead Europe’s ever-growing embedded finance market.”
As part of this process, Solaris has also appointed Katharina Gehra to its supervisory board, replacing Burkhard Eckes. Gehra is also a member of the supervisory boards of Fürstlich Castell’sche Bank and Boerse Stuttgart Group. She serves as a co-editor of the journal “Der Aufsichtsrat”. Previously, she worked in large banks, consulting and in the private equity sector. She holds a MSc in International Political Economy from the London School of Economics and Political Science. Gehra will join existing Solaris supervisory board members James Freis, Tomoyuki Nii, Masashi Okuyama and Yasuhiro Fujiki.
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