Raisin raises $114 million from PayPal, Index, others to grow European savings marketplacePaul Sawers / VentureBeat - 1 year ago
  • Raisin, the European fintech marketplace for savings and investment products, has raised €100 million ($114 million) in a series D round of funding from existing investors including PayPal, Index Ventures, Ribbit Capital, and Thrive Ventures.
  • This takes the company’s total amount raised to €170 million ($195 million), and follows its €30 million ($34 million) series C round back in early 2017 and an undisclosed strategic investment from PayPal that December.
  • Founded out of Berlin in 2012, Raisin leverages Europe’s banking regulations to allow anyone in the European Union to invest their money with any other bank in the bloc.
  • Initially, Raisin was only available to customers in its native Germany, but back in 2016 it expanded to create a Europe-wide savings marketplace that now spans 31 countries, allowing anyone to compare and contrast rates from different banks across the continent.