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Raisin tops €1bn invested in ETFs thanks to lockdown boost

The fintech has also surpassed €35bn placed at 104 partner banks for its 350,000 customers.

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Kim Felix Fomm/Raisin.

Over the past year, a lot of people have turned to focusing on their finances and fintechs are seeing the benefits.

Raisin has been one such beneficiary, seeing more than €1bn invested in ETFs, with its German investment division growing by 35 per cent since the start of 2021.

Raisin first launched its ETF broker platform back in 2018 in partnership with Vanguard and, in April of the year, the fintech launched the Raisin Invest ETF Configurator, the first ‘hybrid robo’ advisor on the German market.

It gives customers access to over 200 ETFs and index funds from the likes of Amundi, iShares, Lyxor and Vanguard, allowing them to pick and choose off-the-shelf ETFs.

“The success of Raisin’s investment business proves that the company has more to offer beyond competitive deposits,” Kim Felix Fomm, Raisin’s chief investment officer said. 

“The excellent performance of our robo advisor confirms that our simple, passive approach works – with high cost-efficiency. More and more people, including an increasing number of women and younger people, are using our investment products for long-term wealth accumulation, financial security, and retirement planning.”

Fomm added that there is no age pattern of customers choosing to invest in ETFs, “our customers range in age from 18 to 96.”

The fintech’s German customers can access savings, investment and pension products on Raisin’s platform with just one registration, with no current plans to bring the ETF Configurator over to the UK just yet.

As well as surpassing €1bn invested in ETFs through its platform, Raisin’s deposit marketplace has also now placed €35bn for 350,000 customers at over 100 partner banks across Europe.

You can catch Katharina Lueth, VP of Europe at Raisin, speaking about the fintech’s ETF success at AltFi’s Digital Wealth Forum on 14 July 2021.

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