Raisin UK CEO Kevin Mountford

Raisin UK has announced a partnership with UK’s credit checking service ClearScore in a bid to integrate into ClearScore’s website and mobile applications, thereby providing Clearscore’s customer base with access to the Raisin UK marketplace.

Kevin Mountford, Raisin UK CEO, explained: “Since launch, ClearScore has successfully disrupted the market to educate UK consumers on a better way to manage their financial information – making them an ideal partner for Raisin. Our main goal is to empower UK savers with a better way to secure their financial future. We’re excited to be working with ClearScore as a strategic distribution partner and look forward to welcoming ClearScore customers to the Raisin UK marketplace.”

According to the supplier, the partnership will enable ClearScore users to apply for savings accounts through Raisin UK via their ClearScore account, where they will have access to the Raisin UK savings marketplace and exclusive offers when they become available.

Justin Basini, CEO and co-founder of ClearScore added: “We want to support everyone in improving their financial wellbeing and by partnering with Raisin, we’re helping more people save for a rainy day. With interest rates at their lowest level for many decades, finding the right account can be a minefield but whether they’re saving £10 or £10,000, our users can now seamlessly compare accounts through their ClearScore app.”

The partnership follows the recent Series D funding round announcement wherein Raisin raised $114 million to expand its offering, and the recent launch of the Raisin UK Account, aiming to assist UK savers to find, fund and manage a range of savings products offered across the Raisin UK marketplace.

by Megha Bhattacharya
Market Analyst at IBS Intelligence