PayPal backs pan-European savings deposit marketplace Raisin
Summary
Raisin , the savings deposit marketplace that lets you shop for a better interest rate across Europe, has picked up backing from PayPal.I also wouldn’t be surprised to see PayPal push Raisin to its users, as another channel for the startup to reach savers.Originally founded in 2013, Raisin set out to crack open the savings deposit market in Europe by taking advantage of EU-wide banking regulation.The problem the startup solves is that saving deposit rates differ not only from one local bank offer to another but even more strikingly across Europe as a whole.However, the key difference to a comparison site is that, via its own bank partner, the company offers consumers a single interface that includes account opening and anti-money laundering checks, making it easy to switch and continually ensure you get a competitive interest rate.