Japan's SBI Set to Become Majority Owner of Fintech Solaris [Yahoo! Finance]
Banco Bilbao Vizcaya Argentaria S.A. (BBVA)
US:NYSE Investor Relations:
shareholdersandinvestors.bbva.com
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Source: Yahoo! Finance
fundraising round by the German fintech, according to a person familiar with the matter. Most Read from Bloomberg As Wars Rage, Cities Face a Dark New Era of Urban Destruction Riyadh Metro Partially Opens in Bid to Ease City's Traffic Jams Solaris is seeking €100 million ($105 million) to €150 million from investors to secure funding until it expects to reach profitability in about two years, the person said, asking not to be identified discussing internal information. SBI already led a €96 million funding round in March. Officials for Solaris and SBI declined to comment. Solaris, which provides white-label services to other lenders, said on Monday that it would finalize agreements with its investors on a long-term and sustainable financing solution in the coming days. It has struggled to break even amid a dispute with German financial regulator BaFin, write-downs on an acquisition and costs related to the onboarding of a credit card portfolio of German motorist club ADAC.
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BBVA
Earnings
- 10/31/24 - In-Line
BBVA
Sec Filings
- 12/11/24 - Form 6-K
- 12/4/24 - Form 6-K
- 11/21/24 - Form 425
- BBVA's page on the SEC website