Clifford Chance advised ABN AMRO and Lakestar, the venture capital fund, on their investment in solarisBank AG in a financing round with a total volume of EUR 56.6 million. ABN AMRO and Lakestar invested alongside BBVA and VISA.

SolarisBank AG provides a B2C banking platform and is one of only a few German fintech companies with a full banking licence.

The transaction is the second-largest funding of a German fintech company to date.

The Clifford Chance team was led by private equity partner Frederik Mühl and corporate counsel Stefan Bruder (both Frankfurt), supported by private equity associate Konstantin Heilmann (Munich). The wider team included funds partner Sonya Pauls (Munich), regulatory partner Dr. Marc Benzler, corporate partner Dr. Thomas Krecek, and private equity senior associates Rafael Lamlé (all Frankfurt) and Katharina Franitza (Düsseldorf).