CEO: Tamaz Georgadze
Founders: Tamaz Georgadze, Frank Freund, Michael Stephan
Total Funding: $206M
Latest Funding: $28M, Venture Round - July 2019, Goldman Sachs
Keywords: Savings, Investment marketplace
Who is it for: Savers
HQ: Berlin, Germany
“Giving savers the best investment rates in Europe.”
Raisin offers customers access to savings and investment products with attractive interest rates from all over Europe. The Berlin-based business allows customers to access all products via one single registration, requiring just one single identification. All deposits are fully protected up to an equivalent of €100,000 per depositor and bank according to EU laws. In early 2018 Raisin reached €5 billion in brokered deposits and consolidated its market leadership by further success stories: 100,000 customers, 40 partner banks with more than 170 offers and just under EUR 40 million in additional interest income for private and business customers.
In 2018, the company launched investment products on the German market. Raisin will cooperate with its partners DAB BNP Paribas and Vanguard to offer its customers globally diversified and cost-effective ETF portfolios. Raisin is also integrating its service into the online banking of third party providers such as German mobile bank N26 through an API interface and is continuing to roll out services to German business customers. Raisin is available on a pan-European level in 31 countries with localized presences in Germany, France, Spain, and Austria with more European markets to follow.