Fintech deposit marketplace adds investments

By Ryan Weeks on 26th March 2018

Robo-AdviceChallenger Banks

Raisin, which recently acquired UK-based PBF Solutions, has launched investments for its German customers.

Fintech deposit marketplace adds investments

One of Europe’s top savings marketplaces now offers investment products. Raisin, which has more than 100,000 customer to its name, has made ETF portfolios available for investment for its German customers.

The new product, which can be accessed online, is being delivered in partnership with Vanguard. Vanguard will manage all ETFs and index funds in the portfolios. Those portfolios come with periodic rebalancing and automated reinvestment.

Investors can pile in for a minimum of €2,000. They will be able to choose between four portfolios with an equity share of 30, 50, 70 and 100 per cent, and to invest globally while diversified across up to 16,000 individual securities.

“In addition to deposits with the best rates we now offer a compelling ETF solution. This marks another milestone in delivering on our mission to provide easy access to the best products across various asset classes,” said Dr. Tamaz Georgadze (pictured), founder and CEO of Raisin. “With Vanguard and DAB BNP Paribas we have found two strong partners for our new product.”

DAB BNP Paribas is acting as the custodian bank for the new product, meaning it holds the new investment accounts behind the scenes. Order executions are also administered by the bank, but its services are seamlessly integrated such that customers will not notice.

An independent expert council featuring Professor Martin Webber, Adam Nash and fund manager AI Breach has been assembled as a sounding board in the development of Raisin’s debut investment product. Webber is a senior professor at Mannheim University and founder of the Arero Fund, while Nash is the former CEO of US robo-advice giant Wealthfront.  

Raisin made headlines in September last year when it acquired PBF Solutions en route to expanding into the UK market. Its core savings product features products from over 40 banks and financial institutions across Europe. 

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