Raisin scores $114 million funding round

Raisin scores $114 million funding round

Pan-European savings marketplace Raisin has closed a $114 million Series D funding round, earmarking the cash for strategic acquisitions and further international expansion.

Existing investors Index Ventures, PayPal, Ribbit Capital and Thrive Ventures all participated in the round, which brings the total raised by the German fintech startup to $200 million since launch in 2012.

Currently present in seven European marketplace, the firm intends to add two new countries to its roster over the coming year.

The Raisin platform connects as many as 62 partner banks - including Belgium's biggest bank KBC, ICICI Bank UK and the German digital banking as a service platform solarisBank - with more than 160,000 Raisin customers from 31 different European countries, brokering more than $11 billion in deposits since inception.

“Raisin has realised its vision of a single market for savings and investment products," says Neil Rimer, partner at Index Ventures. "Using their Raisin account, people can choose savings and investment products among hundreds of offers from dozens of institutions in multiple countries and invest instantly with a few clicks."

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