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3 Latest Announced Rounds

$1,325.73M Raised in 74 Funding Rounds in the past 7 Days - View All

Funding Round Profile

Raisin

start up
Germany - Berlin, Berlin
  • 28/03/2023
  • Series E
  • $64,918,000

Raisin is a trailblazer for open banking in the deposits and investments space. Raisin GmbH was formed by a merger of the FinTech companies Deposit Solutions and Raisin in June 2021.

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. Customer-facing institutions like banks benefit from best-in-class savings marketplace solutions for their own customers, while deposit-taking banks receive flexible, cost-effective access to diversified deposit funding.

Raisin operates its own B2C platforms across Europe and the UK under the Raisin, WeltSparen, Savedo, and ZINSPILOT brands, and in the U.S. under the brand SaveBetter. In the U.S., Raisin also offers a patented B2B Savings as a Service software solution. In Germany, in addition to savings products for retail and corporate clients, the company also offers ETF-based investment and pension products.

Raisin collaborates with ca. 400 banks and financial services providers from more than 30 countries. The company is servicing over 550,000 direct customers.

Raisin is backed by renowned international investors such as btov Ventures, Deutsche Bank, FinLab, Goldman Sachs, 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.

The company has offices in Berlin, Frankfurt, Hamburg, London, Madrid, Manchester, Milan, New York, Paris, and Zurich.


Related People

Kevin MountfordCo Founder

Kevin Mountford United Kingdom - Greater Cheshire West and Chester Area

An experienced FS professional with GM, Sales & Marketing expertise. Over the last 30 years Kevin has operated in a range of Snr Management & Exec roles and he has been employed by a number of large UK brands including Bank of Scotland, Halifax and Birmingham Midshires, where he was Head of Sales and Marketing for their Savings business.

Early days were focused on Business Banking then in 2001 he was appointed as ‘Head of Affinities’ for HBOS, responsible for a broad range of 3rd party relationships, providing credit cards, loans and savings products to the likes of AA, Aviva, Sony, British Gas. In total managed a portfolio of 70 brands with a team of 50 and held Directorships in a couple of JV’s and was responsible for a multi-million pound P&L

He then became Distribution Director for Cheshire Building Society and thereafter went on to join moneysupermarket.com as channel ‘Head’ running a number of their ‘Money’ business areas incl Cards, Mortgages and Savings where he took annual revenue earnings from £2.5m to £7m. During his time with ms.com, Kevin has established himself as a recognised and respected industry spokesperson, promoting ms.com via the media including press, radio and TV.

In Jan 2011 Kevin founded a start-up consultancy & marketing business; Plan B Funding specialised in assisting banks to raise retail deposits in the UK and wider Euro market. Not only did Kevin assist in raising investment capital but steered the company towards several early successes working with the likes of United National Bank and State Bank of India. Since then Kevin led negotiations with Raisin GmbH and a deal was announced Sept 2017 where he co-founded the Raisin UK business which is now part of one of Europe's leading Fintech businesses.

In summary Kevin is a proven, capable all-rounder with experience across a range of products and distribution. He also has experience in the founding, funding and sale of a tech start up business.

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Total Posts 37 // Post Rank 128 // Points 545

Specialties: Partnerships, Sales & Marketing, SMT & EMT experience incl business start-ups.