Two German fintechs are merging. The pan-European savings marketplace Raisin (Weltsparen) is acquiring fairr, Germany’s fintech for retirement savings.
Through this strategic acquisition Raisin will get access to the German pension and retirement savings market and become the only platform worldwide to offer its customers access to savings, investments and pension products — all on one online marketplace with one simple registration. This is the second takeover for Raisin this year, following the fintech’s addition of its service bank MHB-Bank to its portfolio.
fairr team to join Raisin
fairr’s three founders will take on leading roles in the newly formed investments and pension products division at Raisin, which will include Raisin’s existing investment product line WeltInvest (available in Germany). The entire fairr team will also join them in becoming part of the larger Raisin family. Raisin has acquired 100% of fairr’s share capital in exchange for Raisin shares as well as cash. This way, all participants are invested in the long-term success of the joint enterprise.
