Solarisbank signs partnership with B2Mobility for customer identification in the European fuel card business
Berlin – 09.09.2020. Solarisbank AG, Europe's leading Banking-as-a-Service platform, has signed a partnership with B2Mobility GmbH, a subsidiary of BP Europa SE, to identify corporate customers for their European fuel card business.
As a licensed e-money institution, B2Mobility offers payment services for business customers that meet the legal requirements of the Payment Service Directive 2 (PSD2). To ensure legally compliant customer identification, the company relies on the "Know your Customer (KYC)" platform of Solarisbank. This platform enables the seamless digital identification of business and private customers via API and is seamlessly integrated as a white label solution into the customer registration process of B2Mobility GmbH.
"With Solarisbank, we have found an innovative, strategic partner that enables us to meet the legal requirements we face in a digital and lean process for our customers."
The Solarisbank KYC solution will be implemented in Germany in September and will then be rolled out successively in other European countries. By integrating third-party providers on the platform, Solarisbank enables the fully digital identification of companies from several European countries.
„With the bp subsidiary B2Mobility we have won a partner with Europe-wide reach. We are very pleased that our product and technology platform is convincing more and more leading brands enabling us to accelerate our growth. I am particularly proud that we can now offer our KYC platform in other European countries. This is an important step towards building a pan-European Banking-as-a-Service platform."
More information about solarisBank is available at www.solarisbank.com.
Solarisbank is Europe's leading Banking-as-a-Service platform. As a technology company with a full German banking license, Solarisbank enables other companies to offer their own financial services. Via APIs, partners integrate Solarisbank's modular banking services directly into their own product offering. The platform offers digital bank accounts and payment cards, identification and lending services, digital asset custody as well as services provided by integrated third-party providers.
The Berlin-based company employs more than 300 employees from over 50 nationalities and generated net revenues of 15.5 million Euro in 2019. In 2019 Solarisbank established the 100% subsidiary Solaris Digital Assets GmbH to offer a licensed custodial solution for digital assets.
To date, Solarisbank has raised more than EUR 160 million from a bluechip shareholder base, including ABN AMRO’s Digital Impact Fund, BBVA, finleap, Global Brain, HV Holtzbrinck Ventures, Lakestar, Samsung Catalyst Fund, SBI Group, Storm Ventures, Visa, Vulcan Capital, and yabeo Capital.
Together with bp, B2Mobility GmbH is the issuer of fuel cards in Europe and has the know-how and expertise to offer customized payment solutions in the form of fuel cards and vouchers. As a subsidiary of BP Europa SE, B2Mobility builds on more than three decades of experience in processing card-based payment solutions for customers. Its acceptance network comprises more than 24,000 acceptance points in 32 European countries. Today, B2Mobility and bp issue several million fuel cards and gift cards.
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Solarisbank AG is the first Banking-as-a-Service platform with a full banking license that enables companies to offer their own financial products. Through APIs, partners gain access to Solarisbank's modular services including digital bank accounts and payment cards, identification and lending services, as well as services provided by integrated third party providers. Through this, Solarisbank creates a highly developed technological banking ecosystem for fintechs and established digital companies, as well as banks and corporates.
After having established itself as the banking partner of choice for blockchain and crypto businesses, Solarisbank founded Solaris Digital Assets GmbH in 2019 to further drive the adoption of digital assets. The 100% subsidiary of Solarisbank offers a custodial solution for digital assets to complement its existing banking services.
The Berlin-based company was founded back in 2016 and is led by CEO Dr. Roland Folz, board members Jörg Diewald, Dr. Jörg Howein and Thom Rasser, as well as COO Dr. Daniel Seifert and CTO Hima Mandali. To date, Solarisbank has raised more than EUR 160 million from renowned investors, including ABN AMRO’s Digital Impact Fund, BBVA, finleap, HV Holtzbrinck Ventures, Lakestar, Samsung Catalyst Fund, SBI Group, Storm Ventures, Visa, Vulcan Capital, and yabeo.