19 January 2018
visit www.ebaday.com

PayPal invests in deposit marketplace Raisin

20 December 2017  |  13712 views  |  0 Euro Coin

European financial deposit marketplace Raisin has secured an undisclosed investment from PayPal.

Founded in Berlin in 2013, Raisin closed a €30 million Series C financing round in January with a goal of expanding into new markets and broadening its product based beyond savings accounts to encompass business deposits and new investment opportunities.

The company is also offering a white-label version of its product for integration into bank Websites; fellow German startup N26 is the first to go public with the service.

Stephen Taylor, VP consumer products Emea at PayPal says of the investment: “Raisin and PayPal share a vision of democratising access to financial services. Raisin is a pioneer in open cross border banking deposit and they are clearly providing a unique value proposition in the European market.”

Earlier this month, Raisin reported that the total number of customers served in its marketplace has grown to 100,000. Consumers use the platform to search and open accounts from a panel of 40 partner banks from 18 European countries.

The 120-people strong company current;y operates country-dedicated platforms in Germany, France, Spain, and Austria alongside its European platform www.raisin.com. In September,Raisin acquired Manchester-based customer acquisition startup PBF Solutions as a prelude to entering the UK market.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Raisin acquires PBF Solutions to enter UK market

Raisin acquires PBF Solutions to enter UK market

20 September 2017  |  4693 views  |  0 comments | 3 tweets | 4 linkedin
Raisin takes on business deposit market

Raisin takes on business deposit market

14 September 2017  |  6738 views  |  0 comments | 3 tweets | 2 linkedin
N26 moves into savings market with Raisin API

N26 moves into savings market with Raisin API

10 May 2017  |  6772 views  |  0 comments | 8 tweets | 13 linkedin
Raisin raises €30 million

Raisin raises €30 million

26 January 2017  |  6152 views  |  0 comments | 4 tweets | 4 linkedin

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.thomsonreuters.infovisit www.niceactimize.comvisit www.ebaday.com

Top topics

Most viewed Most shared
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
11204 views comments | 32 tweets | 38 linkedin
Crypto mining threatened by power capacity concernsCrypto mining threatened by power capacity...
10325 views comments | 17 tweets | 18 linkedin
Wells Fargo to close 900 branchesWells Fargo to close 900 branches
9932 views comments | 14 tweets | 16 linkedin
KFC introduces Bitcoin BucketKFC introduces Bitcoin Bucket
9393 views comments | 18 tweets | 16 linkedin
FinTech Scotland appoints new CEOFinTech Scotland appoints new CEO
8477 views comments | 8 tweets | 6 linkedin

Featured job

Competitive base + commission
London, UK

Find your next job