Raisin’s deposits hit €20bn
The Berlin-based fintech has reached a decent size in its pan-European platform for saving and investing.
Raisin has seen deposits on its platform rise above €20bn with the firm now servicing more than 230,000 customers across Europe.
Raisin connects customers with partner banks and other financial services providers, which now number over 100, to give customer competitive rates on savings. It now also offers several investment products also through a partnership with JustETF.
The fintech’s investment and pensions platforms is also now managing more than €500m.
Dr. Tamaz Georgadze, co-founder and CEO of Raisin: "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.”