Raisin, a Berlin, Germany-based financial marketplace that enables savers to access deposit rates across Europe, closed a €30m Series C financing.
The round, which brought total amount raised to date to €60m, was led by US-based Thrive Capital with participation from existing investors Ribbit Capital and Index Ventures.
The company intends to use the funds to continue its international expansion into further localized markets – Italy to come soon – and to broaden its product offering towards additional investment products.
Led by Tamaz Georgadze, co-founder and CEO, Raisin offers an online marketplace for deposit products of partner banks in the European Economic Area since 2013. The platform, available across Europe in English and localized platforms exist for Germany, France, Spain, and Austria, allows customers to open deposits across Europe free of charge.
All deposits are 100% guaranteed up to €100k per saver and bank by each national Deposit Guarantee Scheme in accordance with EU directives.
It does not charge any set-up fees and offers attractive interest rates via its 27 partner banks.