Raisin

·Dec. 21, 2017

PayPal Invests in Raisin

Raisin offers a platform to offer savings account options across Europe; they currently have over 100,000 customers; the funds will be used to accelerate growth across Europe. Source

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Europe Fintech News Roundup

·Sep. 20, 2017

Raisin Enters UK Market Through Acquisition

Deposit marketplace Raisin moved into the UK market by acquiring Manchester-based fintech PBF Solutions; Tamaz Georgadze, Raisin’s CEO and founder, tells AltFi “The acquisition of PBF gives us the opportunity to significantly broaden our offer to UK savers and deposit takers." Source.

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Europe Fintech News Roundup

·Aug. 17, 2017

Savings Marketplace Raisin Reaches EUR4bn Milestone

German-based savings marketplace Raisin has received over EUR4 billion (USD $4.7 bn) in investments on its platform in less than four years; founded in 2013 it was the first investment marketplace of its kind in Europe and now has two times the total investment assets of its closest competitor; partnering with 34 banks across 17 European countries it helps customers find the highest retail deposit market rates. Source

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Europe Fintech News Roundup

·Jan. 10, 2017

German Fintech Platform Raisin Reaches New Milestone

Raisin has reported over 2 billion euros ($2.1 billion) in investment through its platform; the company offers investors a range of savings account investments across the European Union and facilitates the account funding for the investors; the platform has gained investment of 300 million euros ($318 million) in the past three months and expects to reach the 3 billion euro ($3.2 billion) mark in the first half of 2017. Source

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Europe Fintech News Roundup

·Dec. 7, 2017

Raisin Tops 100,000 Investors for Deposit Marketplace

Deposit Marketplace Raisin has seen their investor count top 100,000, bank partners top 40 and deposits cross $4.5bn; the bank partners are in 18 different european countries and customers hail from 32 different countries; with interest rates so low their deposit marketplace offers savers a significant boost in interest and they have seen customers earn more than $41mn in excess interest thus far. Source.

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Europe Fintech News Roundup

·Sep. 15, 2017

Raisin to Offer Term Deposits for SMEs

Raisin is looking to expand on their deposit marketplace by offering a term deposit product to European SMEs; this will allow SMEs to earn money on their cash instead of dealing with negative interest rates that have been prevalent across Europe; currently Raisin has enlisted Banco BNI Europa from Portugal, Younited Credit from France and Greenhill Bank from Germany in the product. Source.

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Fintech News Roundup

·Jan. 26, 2017

Bank Comparison Startup Raisin Raises $32mn

Raisin allows customers to compare accounts at banks across Europe; Thrive Capital led the latest round with participation from previous investors Ribbit Capital and Index Ventures; funding now totals $64 million; the company has tripled the amount of funds transacted on the platform last year; it now has 27 bank partners and expanded from Germany and Austria to a total of 31 countries. Source

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