← State of Embedded Finance 2026

Contis Retires Its Brand

“Can a UK/EU e-money and prepaid card BaaS infrastructure provider survive consolidation and regulatory pressure within a larger European embedded finance group?”

Founded2008
HQSkipton, United Kingdom
IndustryInfrastructure / BaaS
The story

Founded in 2008, Contis built a UK/EU e-money and prepaid card processing infrastructure serving white-label programmes for fintechs including Wirex, Plutus, Ffrees, and Engage. In 2022, German BaaS provider Solarisbank acquired Contis and subsequently rebranded to Solaris, retiring the Contis name and consolidating its EMI licences under the Solaris group to position itself as Europe's leading embedded finance platform. However, regulatory penalties (€840,000 fine by the Bank of Lithuania in 2023 for AML failures) and strategic refocusing led Solaris to discontinue the EMI/Contis business in late 2024, ultimately resulting in Contis Financial Services Limited entering FCA special administration in January 2025 with customer funds frozen.

Last 12 months
2024-09
2024-09
2025-01-30
2025-02
Product timeline
2008
Contis Group Ltd founded as an e-money payments firm offering prepaid card and payment processing services.· banking
2022
Solarisbank (later renamed Solaris) acquired Contis following a €190m Series D funding round; brands began operating jointly.· acquisition
2022
Contis brand fully retired; all operations and products absorbed under the Solaris umbrella, adding e-money licences for UK and EEA to Solaris's licence suite.· pivot
2023
Bank of Lithuania fined Contis €840,000 for AML/CTF compliance failures and information security and business continuity risk management deficiencies.· pivot
2024
Solaris announced discontinuation of its EMI business (formerly Contis); Engage programme transferred to Suits Me Limited; wind-down commenced.· pivot
2025
Contis Financial Services Limited entered special administration on 30 January 2025; all customer accounts frozen; Joint Special Administrators from Interpath Advisory appointed.· pivot
Regulated entities
EMI
UK FCA
Contis Financial Services Limited
EMI
EU (Lithuania)
Finansinės paslaugos "Contis", UAB
The stack
Payments / PSP
Contis Financial Services (self-operated)
Banking / BaaS
Solarisbank (in-house, post-acquisition)
Accounting gap: none