P+P advises solarisBank on acquisition of minority stake in CrossLend

Since it was founded in March 2016, solarisBank has been one of the first finance technology companies with a full bank license. Meanwhile, the company operates in seven European countries and is used by approximately 60 corporate clients. solarisBank now offers three product lines: digital banking & cards services, financing and credit services and payment and trust services through an application programming interface (API).

CrossLend is a B2B FinTech company with the mission of making the European ecosystem more efficient, transparent and profitable for lending. CrossLend offers securitization services in which loans are converted to bonds in a flexible and transparent manner. CrossLend was founded in Berlin in 2014 and in 2015 it established CrossLend Securities SA, a securitization vehicle regulated by the CSSF (European Banking Authority).

P+P Pöllath + Partners advised solarisBank on all legal matter with the following team:

• Christian Tönies (partner, M&A, venture capital)
• Dr. Tim Junginger (senior associate, M&A/corporate)
• Dr. Sebastian Gerlinger (senior associate, M&A/corporate, all Munich)

P+P Pöllath + Partners has advised solarisBank since it was founded and in particular on its series A financing round.