Changing Companies and Evolving Enterprises: 5

By Guy Routledge

  1. Founded just four years ago in 2016, Solarisbank is now valued at 320 million euros. What does it do exactly? Provides a banking platform for other companies to connect to and become providers of financial services themselves. Based in Berlin and focused on Germany, the start-up will now expand to France, Italy and Spain. Partnered with Samsung to name a few, it may not be long before Europe is the start-up’s oyster.
  2. Like many of us, it’s been a tough year for s.Oliver as their sales have declined by a massive 20 percent — indeed, they’d announced the restructuring of the company in March, but Covid-19 threw a big spanner in the works. Not to be discouraged however, the company wants to invest in new branches and has big international expansion plans which involve the investment of 150 million euros in the next five years. In the next few years the company wants to double sales — can it do it or is this unrealistic?

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