Yolt strikes deal with Raisin, notches up 900,000 customers

Personal finance app Yolt has added savings marketplace Raisin to its suite of partners, as the start up celebrates its second anniversary

Yolt said the deal will allow its customers access the range of Raisin’s savings and investment accounts it offers across 31 European markets.

The move will see Germany’s Raisin added to a range of other fintechs the money app works with, including switching firm MoneySuperMarket, online investment service, Wealthify and pensions business PensionBee.

Yolt chief executive Frank Jan Risseeuw made the announcement at the Money 20/20 conference in Amsterdam on Tuesday, adding that the money app now has over 900,000 users across its three markets: the UK, Italy and France.

The business was set up by Dutch bank ING in 2017.

Yolt’s Risseeuw added: “It’s amazing to see how quickly the Yolt community has grown over the last two years, and we are proud to now be empowering more than 900,000 registered users across Europe to have greater money confidence. Our partnership with Raisin will enable our users to have access to finding the best savings options for them.”

He continued: “Adding to our savings proposition, users will now be able to have a clear and comprehensive view of their savings as well as their spending habits, all in one place.”

The money app also said this week it had struck deals to carry three more providers on its platform: ING Business Units, Dutch-based payments processer PayVision and British small business finance broker Funding Options.

To round off a busy few days, Yolt last Friday added German insurance platform simplesurance, which operates across 28 European markets as well as Japan.