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Raisin, a Berlin-based FinTech, exceeds €20 billion in deposits

RaisinPan-European savings and investment marketplace Raisin has announced the placing of over €20 billion with banks in 25 countries, while at the same time managing an investment volume of over €500 million. The company has revealed its plans on a 2020 US launch following Raisin’s acquisition of Madrid and New York-based Choice Financial Solutions (now Raisin Technologies).

Dr Tamaz Georgadze, Co-Founder & CEO, Raisin enunciated, “Reaching these new milestones affirms the relevance of our mission – breaking down barriers so that savings can actually pay off. Now more than ever we believe in the benefits of cross-border banking and harmonizing liquidity imbalances, as well as regulation, across Europe.”

Raisin addresses the interest rate differences across European markets by collecting a range of deposits from different banks all in one place, often enabling consumers to access savings products with more attractive interest rates than may be available in their own countries.

The FinTech has 7 dedicated country platforms in Germany, Austria, Spain, the Netherlands, the UK, France and Ireland where in most cases, the highest interest rates available in markets are provided. The pan-European platform offers savers with access to a range of cross-border deposits.

Raisin’s German platform expanded in 2018 to include a set of ETF (exchange-traded funds) portfolios. Its WeltInvest focuses on cost-effective investment products for self-directed investors, in partnership with Vanguard and DAB BNP Paribas. In 2019, Raisin acquired fairr.de to include pension products, also in the German market. The FinTech’s pensions and investments arm now manages more than half a billion Euros.

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