Raisin is launching in Poland in the present day, a brand new geography for the Germany-based fintech.
Raisin will supply Polish customers entry to financial savings merchandise at its community of European banks.
HoistSpar is the primary financial institution to hitch Raisin’s Polish platform.
Germany-based financial savings and funding product market Raisin introduced in the present day it’s launching in Poland. The corporate will leverage its cross-border financial savings expertise and on-line market to assist Polish savers profit from its community of European banks.
“Raisin’s platform in Poland goals to reinforce the competitors inside the financial savings sector of the financial system by broadening selection and eliminating limitations to entry good offers from throughout the European Financial Space, multi function place,” mentioned Raisin CEO and Cofounder Tamaz Georgadze. “We goal to make deposits extra accessible to common individuals, leveraging the total worth of the European deposit market and finally growing their financial savings. We’re excited to supply Polish shoppers the chance to earn increased curiosity on their financial savings.”
Fueling in the present day’s launch is an ongoing partnership between Raisin Financial institution of Frankfurt and the pan-European fintech Raisin. The partnership takes benefit of Raisin’s market strategy, which affords a variety of deposit merchandise to assist prospects get monetary savings by providing them extra selections and the power to maneuver their cash freely amongst financial savings merchandise.
Poland is a perfect location for Raisin’s geographical growth as a result of it’s plagued with inflation. Although the entire worth of family financial savings in Poland exceeded $500 billion (2 trillion zloty) for the primary time, the nation’s excessive inflation has restricted the precise worth of these investments.
HoistSpar is the primary financial institution to hitch Raisin’s Polish platform. Headquartered in Sweden, the financial institution affords deposit accounts in its dwelling nation, Germany, Poland, and the U.Okay. At launch, new prospects can profit from fixed-term deposit merchandise that pay as much as 5.80%.
Raisin was based in 2012 and constructed Raisin DS, a bunch fashioned by a merger of fintechs firms, in 2019. Raisin Deposit Options was launched in 2021.
With $305 million, Raisin at the moment serves over a million prospects with its financial savings, funding, and pension merchandise. Earlier this fall, Raisin surpassed $55 billion (€50 billion) in property below administration and introduced it has generated over $1.01 billion (€1 billion) in curiosity for its prospects worldwide.
