German fintech platform Raisin announced on Tuesday at the end of 2016, it not only celebrate the 3-year anniversary of its Germany launch but also reached a milestone of €2 billion in invested volume.
“Raisin is the only European startup on the investment side to have reached the amount of EUR 2 billion invested. As of today, over 60,000 customers from across the entire European Union have invested this milestone amount with Raisin’s 27 partner banks and put their trust in us. This means that we have not only tripled the amount invested via our platform in 2016 but we have also added 15 new partner banks thus providing an unparalleled offer of savings products from across Europe to our customers.”
Raisin also shared that in the past three years its customers have earned more than €15 million additional interest compared to what they would have earned if they had invested at average interest rates. Thus providing Raisin customers with a significant upside in today’s low-interest rate environment.
The platform then added that for 2017 it plans to continue to provide savers across Europe with attractive and exclusive offers for their savings and to broaden its reach by offering localized platforms for additional markets, further broadening its partner bank offering and entering distribution partnerships with banks across Europe.