Raisin, a Fintech providing a savings marketplace across Europe and elsewhere, has surpassed €25 billion in assets under management (AUM).
The Berlin-based financial services firm says its business model is booming during an economically uncertain time as many people have discovered the savings platform products as an alternative to zero and negative interest rates.
Raisin says this milestone “consolidates its position as one of the most important European Fintechs “made in Germany.”
Raisin offers users in Europe and the USA access to interest-bearing overnight and fixed-term deposits at more than 160 international partner banks. The current savings volume of more than 25 billion euros under management was invested via the WeltSparen and Zinspilot platforms in Germany, as well as Raisin’s international portals under the Raisin, and Savedo brand. In the US, the company operates under the SaveBetter label. In Germany, the company also offers ETF-based investment and retirement products. Raisin’s investment division currently manages more than €1.5 billion and is expanding to include new asset classes. The investment option in its home company foreshadows the potential to do the same in other markets around the world.
Katharina Lüth, Chief Client Officer and Managing Director at Raisin, says the €25 billion in AUM confirms their business model, especially during the current interest rate turnaround.
“After all, overnight and time deposits were often ignored by financial experts and the media during the low-interest phase, they are currently experiencing a renaissance. Our core business has established itself as a sustainable and internationally successful model. Through our platforms, we offer access to the best interest rates – for the first time in years, we are again seeing interest rates of 1% and more for 1-year time deposits in our biggest markets. And the market is showing: This trend toward rising interest rates will not only consolidate but intensify.”
Raisin notes that in recent weeks, interest rates have been rising in anticipation of the coming turnaround in interest rates – making Raisin’s offering more interesting.