Goldman Sachs invests €25 million in Berlin-based fintech Raisin to expand its savings marketplace in the US | EU-Startups
Summary
Following Raisin’s acquisition of Manchester-based PBF Solutions in 2017, now Raisin UK, the startup bought its long-time servicing bank MHB-Bank in early 2019. With its ‘deposits-as-a-service’ platform, Raisin offers savers access to higher-interest savings products through partner banks across Europe. Now, the fintech aims to further advance its technology, acquire top-notch talent, and broaden its product portfolio. “Raisin has developed a unique savings marketplace with a solid business model, impressive growth and a loyal customer base,” said Managing Director of Goldman Sachs Principal Strategic Investments Rana Yared. “We are excited to support the company’s outstanding management team in executing their vision.” “This investment from such a renowned brand is a very encouraging confirmation for us that our core business, as well as growth strategy, are on the right track,” added Raisin CEO and co-founder Dr. Tamaz Georgadze.
Funding
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