Berlin Based Fintech Raisin Secures $114 Million in Series D Fundingby Fintechnews Switzerland February 6, 2019
Today Raisin (Weltsparen), the pan-European fintech marketplace for savings and investment products, announced that it closed a Series D funding round of $114 million, bringing the total amount raised to $200 million.
Existing investors Index Ventures, PayPal, Ribbit Capital and Thrive Ventures all participated in the round. The new capital will be put toward strategic acquisitions and further internationalization.
Following launches in the Netherlands and the UK last year, Raisin is planning to add at least two additional markets to its platform this year. The Berlin-based fintech with a subsidiary in Manchester will also enlarge its international team and extend its line of investment products.
Through a partnership with 62 banks, Raisin has created the leading pan-European marketplace in retail banking. With Raisin, customers can choose savings and investment products from banks across the continent, and banks can easily attract deposits from customers abroad.
Raisin’s seven platforms connect partner banks – including Belgium’s biggest bank KBC, ICICI Bank UK, and the German digital banking as a service platform solarisBank – with more than 160,000 Raisin customers from 31 different European countries.
Raisin also announced that it has brokered more than $11 billion in deposits to 62 partner banks and earned savers $90 million in earned interest.
Raisin/Weltsparen was part of our 2017 selection of the Top Fintech Startups in the DACH Region.