German fintech Raisin lands €60m in Series E funding
Raisin, a company that offers consumers access to savings, investment, and pension products, has received a new investment that it plans to use to develop new products and accelerate growth in markets such as the US.
Raisin has been profitable for six months and has over one million customers globally, generating €850 million in interest since its founding in 2012.
It currently manages a total of €38 billion in assets for customers worldwide, and in the past six months alone, its total assets under management have grown by more than 30%.
The company also offers Banking-as-a-Service (BaaS) products for financial service providers and has partnerships with over 400 companies from more than 30 countries.
Raisin co-founder and chief financial officer Frank Freud says the new investment will help the firm continue to democratize the global savings and investments market, benefiting consumers and financial institutions.
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