Japanese financial giant takes control of Solaris in €150M deal 🇯🇵🏦; Crypto investment products saw unprecedented growth in 2024, setting the stage for market evolution 📈💸

FinTech is Eating the World, 7 January

Hey Everyone,

Happy Tuesday! And Happy New Year to those who just got back from the holidays & welcome back to the daily issue of your favorite FinTech newsletter 🥂😎 Today we’re looking at the Japanese financial giant SBI taking control of BaaS FinTech Solaris in €150M deal (what it’s all about, why it matters & what’s next + bonus resources to master your M&A game), and crypto investment products that saw unprecedented growth in 2024 (a quick look at historic crypto numbers & why they matter + bonus dives & reads on crypto et al.). Let’s just jump straight into the interesting stuff 🌶️

Japanese financial giant takes control of Solaris in €150M deal 🇯🇵🏦

The news 🗞️ In a significant development in the European FinTech sector, Japan's SBI Holdings has agreed to acquire a majority stake exceeding 70% in German banking technology provider Solaris.

The deal, valued at approximately €150 million, includes a direct €100 million investment from SBI and additional funding from Boerse Stuttgart Group and existing investors.

Let’s take a look at this and see why it matters.