Raisin raises $114 million in Series D funding from existing investors

Feb. 6, 2019

Raisin, a Berlin-based fintech that offers a pan-European marketplace for savings and investment products, has raised $114 million in Series D investment, led by existing investors Index Ventures, PayPal, Ribbit Capital and Thrive Capital, according to a press release.

Raisin, plans to use the funding to add two additional markets in 2019, following its 2018 expansion to U.K., and Netherlands. The company said it also plans to increase its international team and grow the number of investment products.

Raisin has a partnership with 62 banks, giving banks the ability to reach more than 160,000 customers in 31 different countries.

"We want to break through unnecessary barriers to profitable savings and share the benefits of open markets — with both consumers and banks," said Tamaz Georgadze, co-founder and CEO, said in the announcement.

The additional funding means that Raisin has raised $200 million since its launch in 2012. The company has brokered more than $11 million in deposits.
 

Topics: Financial News, Mobile Banking, Region: EMEA

Companies: PayPal

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