Raisin
About Raisin
Raisin: Complete Guide to the Savings and Deposit Platform in Europe Raisin is a German fintech platform specializing in the aggregation of savings and deposit products across Europe. Founded in Berlin in 2012, this innovative company allows savers to access the best interest rates offered by partner banks in different European countries, all from a single interface. As a payment system dedicated to savings and deposits, Raisin has revolutionized the way individuals manage and optimize their savings. For any questions or assistance requests, users can reach customer service via the Raisin application, which serves as the platform's primary contact channel. This comprehensive guide offers an in-depth analysis of all aspects of Raisin, from its history to its future prospects, including its offers, security, and customer reviews.
Table of Contents Background and history of Raisin Offers and pricing at Raisin Features of the Raisin platform Additional services from Raisin Security at Raisin Raisin customer service Customer reviews of Raisin Comparison: Raisin vs Savedo, Deposit Solutions, WeltSparen Raisin case studies Expansion and prospects of Raisin
1. Background and History of Raisin The story of Raisin begins in 2012, in the dynamic landscape of Berlin startups. The Raisin platform was co-founded by Tamaz Georgadze, Frank Freund, and Michael Stephan, three visionary entrepreneurs who shared a common observation: the European savings market was fragmented, opaque, and unfavorable to consumers. At that time, European savers were locked into their national banks, often forced to accept negligible interest rates with no truly accessible alternative. Raisin's founders then imagined a savings marketplace, a completely unprecedented concept that would transform the European banking sector. The economic context of Raisin's creation is fundamental to understanding its success. In 2012, the European Central Bank (ECB) had begun its low interest rate policy, which would progressively lead to negative rates. In this context, major eurozone banks offered savings returns close to zero, or even negative for large deposits. At the same time, some banks in countries like Portugal, Italy, Bulgaria, or Croatia still offered significantly higher interest rates, but remained inaccessible to French, German, or Dutch savers. Raisin identified this market inefficiency and positioned itself as the bridge between savings supply and demand in Europe. Raisin's early years were devoted to building the technical and regulatory infrastructure necessary for its operation. The Raisin platform was first launched in Germany under the name WeltSparen in 2013, targeting German savers with access to fixed-term deposits offered by European partner banks. The model was simple yet revolutionary: the saver opened a single account on Raisin, then could distribute their savings among different partner banks offering competitive rates, without having to open an account at each bank individually. For any assistance during the registration process, users could contact support via the Raisin application. Raisin's initial success in Germany was meteoric. In just two years, the platform had intermediated more than one billion euros in deposits. This success attracted investor attention, and Raisin completed several significant funding rounds. In 2014, Raisin raised 6.5 million euros in Series A from investors like Index Ventures. In 2016, a Series B of 30 million euros followed, then a Series C of 100 million euros in 2018, led by Goldman Sachs. In total, Raisin raised more than 200 million euros, making it one of the best-funded fintechs in Europe in the savings segment. Raisin's European expansion accelerated starting in 2016. After Germany, Raisin opened its services in Austria, the Netherlands, Spain, then progressively in other European countries. Raisin's expansion strategy relied on a locally adapted platform model: each market benefited from a version of Raisin in the local language, with partner banks specifically selected to meet local savers' expectations. This localized approach allowed Raisin to quickly establish itself as the European leader in online savings platforms. In 2019, Raisin crossed a symbolic milestone by surpassing 15 billion euros in intermediated deposits. The same year, Raisin acquired the German bank MHB Bank (renamed Raisin Bank), which gave it its own banking license and the ability to offer even more integrated services. This strategic acquisition marked Raisin's transformation from a simple technology platform into a fully-fledged banking player. Raisin Bank now serves as the depository bank for platform customers, considerably simplifying the