Investment marketplace Raisin has made a deal for German based MHB Bank, who they have long partnered with and now have plans to expand their offerings; the deal is subject to approval by German regulator BaFin; “We believe in making sustainable changes to the financial system in order to make the needs of customers and partners paramount,” said Raisin CEO and cofounder Dr. Tamaz Georgadze to AltFi.“Together with MHB, we can continue to develop — and seamlessly integrate — the services we offer customers, partner banks and distribution partners.”; terms of the deal were not disclosed but Raisin will acquire a banking license as part of the transaction. Source.
