Raisin Successfully Closes €60 Million E Round Financing with Catalyst

03/24/2023 15:40 • AI & Tech Insights • 66 views

On March 24th, the German financial technology investment company Raisin announced the completion of the 60 million euro E round financing, with the participation of private equity fund Catalyst.

Raisin, a financial technology investment company, completed a € 60 million E-round financing

Introduction

On March 24th, Raisin, a German financial technology investment company, announced that it had successfully closed its €60 million E round financing with the private equity fund Catalyst. This is a significant achievement for Raisin as it is one of the largest funding rounds in the European FinTech industry in recent times. In this article, we will discuss Raisin and its business model, the impact of this funding round on the company, and the implications for the European FinTech industry.

About Raisin

Raisin is a Berlin-based FinTech company that specializes in offering its customers access to fixed-term deposits and savings accounts from banks across Europe. The company works with over 100 banks across 31 European countries and has approximately 275,000 customers. Raisin’s platform is designed to help customers find the best savings products and effectively market them to banks across Europe.

The Impact of the Funding Round

The €60 million funding round led by Catalyst is a significant achievement for Raisin. This funding round will enable Raisin to continue its expansion into new markets and offer its customers more products and services. According to the company’s CEO Dr. Tamaz Georgadze, “the funds will help us achieve profitability even faster through investments in innovative savings products as well as acquisitions.”
The funding round is also significant for the European FinTech industry as it demonstrates that investment in the industry continues to grow. Raisin’s success shows that there is a growing demand for FinTech products and services in Europe and that investors are willing to invest significant amounts of money in promising FinTech companies.

The Implications for the European FinTech Industry

Raisin’s success can be seen as a positive sign for the European FinTech industry. With this funding round, Raisin has become one of the largest FinTech companies in Europe with a valuation of €1.4 billion. The success of Raisin and other successful FinTech companies in Europe is encouraging for entrepreneurs and investors alike and should lead to more investment in the industry.
The funding round also highlights the growing importance of the European FinTech industry in the global economy. With Brexit looming, the significance of the European FinTech industry is only set to grow, and Raisin’s success demonstrates that European FinTech companies can compete on a global stage.

Conclusion

Raisin’s successful funding round is a significant achievement that will undoubtedly have an impact on the European FinTech industry. The company’s success demonstrates that there is a growing demand for FinTech products and services in Europe and that investors are willing to invest significant amounts of money in promising FinTech companies. The funding round highlights the importance of the European FinTech industry in the global economy, and Raisin’s success is a testament to the industry’s potential.

FAQs

1. What is Raisin’s business model?

Raisin is a Berlin-based FinTech company that specializes in offering its customers access to fixed-term deposits and savings accounts from banks across Europe.

2. How many banks does Raisin work with?

Raisin works with over 100 banks across 31 European countries.

3. What is the significance of Raisin’s funding round?

Raisin’s funding round is significant as it demonstrates that there is a growing demand for FinTech products and services in Europe, and that investors are willing to invest significant amounts of money in promising FinTech companies. It also highlights the importance of the European FinTech industry in the global economy.

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