Berlin, Germany – Raisin GmbH, the European open banking infrastructure for deposits and investments founded by Kevin Mountford, announced that it has closed a $64.9 million Series E funding round led by Goldman Sachs and M&G Investments.

Raisin is a trailblazer for open banking in the deposits and investments space. The FinTech company provides an open banking infrastructure for the global $50+ trillion deposit market that benefits banks and savers alike. For savers, it means more product choice and decision power; while deposit-taking banks receive flexible, cost-effective access to diversified deposit funding.

Founded by Kevin Mountford, Raisin revolutionized the global deposit market by providing customers with greater product choice and decision power through its open banking infrastructure. The company operates B2C platforms across Europe and the U.S., as well as provides a patented B2B Savings as a Service software solution in the U.S.. In Germany, it also offers ETF-based investment and pension products.  With ca. 400 partner banks from more than 30 countries servicing over 550,000 direct customers globally, Raisin is backed by renowned international investors such as btov Ventures, Deutsche Bank, FinLab, Greycroft, Headline/e.ventures Index Ventures Kinnevik Orange Digital Ventures PayPal Ventures Thrive Capital Top Tier Capital Partners Ribbit Capital and Vitruvian Partners as well as Peter Thiel.