INSUBCONTINENT EXCLUSIVE:
Raisin, the fintech startup that offers a pan-European marketplace for savings and investment products, has picked up additional funding
Raisin to build out its U.S
presence ahead of a 2020 launch across the pond
The startup announced its U.S
plans in May, saying that it wanted to enable U.S
savers to more easily shop around for a better interest rate and remove the friction associated with switching savings and deposit accounts
The deposits market in the U.S
is said to be $12.7 trillion.Raisin also plans to enter two new European markets by the end of this year
The Raisin marketplace currently has six country specific savings platforms: Germany, U.K., France, The Netherlands, Spain, and Austria, in
addition to a generic site for 28 European countries.Founded in 2012 by Dr
Tamaz Georgadze (CEO), Dr
than 185,000 customers across Europe.The Raisin marketplace offers more than 480 savings products from 80 European partner banks via its
to ride the marketplace banking trend.Cue statement from Rana Yared, Managing Director, Goldman Sachs Principal Strategic Investments:
backers include PayPal, Index Ventures, Ribbit Capital and Thrive Capital.
