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BBVA, ABN Amro join as investors in solarisBank funding round

Banco Bilbao Vizcaya Argentaria SA, ABN AMRO Group NV's Digital Impact Fund, Visa Inc. and Lakestar joined as strategic investors in a €56.6 million funding round by German banking platform solarisBank AG.

Closing subject to regulatory approval, the funding round is a series B round, with the series A funding round raising €26.3 million in 2017. The capital will support solarisBank for further growth, development of its digital platform and product portfolio and geographical expansion.

Bertelsmann SE & Co. KGaA's Arvato Financial Solutions and Japan's SBI Group renewed their investments.