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Solaris is feeling the chill from the fintech downturn.

The upstart German fintech player secured a major credit card contract last year with Allgemeiner Deutscher Automobil-Club, Europe's biggest motorists association and roadside assistance giant. But now, Solaris is sweating to raise 100 million euros to actually fund the project, according to a report last weekend from the Financial Times.

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Source Fool.com