Raisin

Deposit marketplace.

About

Founded

2012

Headquarters

Berlin, Germany

Industry

Fintech

Company Description

Raisin is a trailblazer for open banking in the deposits and investments space. Raisin GmbH was formed by a merger of the FinTech companies Deposit Solutions and Raisin in June 2021. The FinTech company provides an open banking infrastructure for the global $50+ trillion deposit market that benefits banks and savers alike. For savers, it means more product choice and decision power. Customer-facing institutions like banks benefit from best-in-class savings marketplace solutions for their own customers, while deposit-taking banks receive flexible, cost-effective access to diversified deposit funding. Raisin operates its own B2C platforms across Europe and the UK under the Raisin, WeltSparen, Savedo, and ZINSPILOT brands, and in the U.S. under the brand SaveBetter. In the U.S., Raisin also offers a patented B2B Savings as a Service software solution. In Germany, in addition to savings products for retail and corporate clients, the company also offers ETF-based investment and pension products.

Quick Links

WebsiteJobs

Funding

Total Raised

$304.9 million

Valuation

Undisclosed

Significant Investors

btov Ventures, Deutsche Bank, Goldman Sachs, Greycroft Partners, Headline, Index Ventures, Kinnevik, Latitude Ventures, Orange Ventures, PayPal Ventures, Thrive Capital, Top Tier Capital Partners, Ribbit Capital, Vitruvian Partners, M&G

Company Traction

  • As of March 2023, Raisin reported 1 million+ customers, 38 billion euros in assets under management, and earned over $850 million for customers globally.
  • As of May 2023, Raisin serves 30+ markets and has 400+ bank partnerships.

Leadership Team

  • Tamas Giorgadse: Co-Founder & CEO of Raisin. Former Partner at McKinsey & Co.
  • Frank Freund: Co-Founder & CFO of Raisin. Former Senior Consultant at McKinsey & Co.
  • Michael Stephan: Co-Founder & COO of Raisin. Former Consultant at McKinsey & Co.
  • Katharina Lueth: Chief Client Officer and Managing Director at Raisin. Former Engagement Manager at McKinsey & Co.