- Raisin is launching in Poland right now, a brand new geography for the Germany-based fintech.
- Raisin will provide Polish customers entry to financial savings merchandise at its community of European banks.
- HoistSpar is the primary financial institution to affix Raisin’s Polish platform.
Germany-based financial savings and funding product market Raisin introduced right now it’s launching in Poland. The corporate will leverage its cross-border financial savings expertise and on-line market to assist Polish savers profit from its community of European banks.
“Raisin’s platform in Poland goals to reinforce the competitors inside the financial savings sector of the financial system by broadening alternative and eliminating limitations to entry good offers from throughout the European Financial Space, multi function place,” mentioned Raisin CEO and Cofounder Tamaz Georgadze. “We goal to make deposits extra accessible to common individuals, leveraging the total worth of the European deposit market and finally growing their financial savings. We’re excited to supply Polish shoppers the chance to earn greater curiosity on their financial savings.”
Fueling right now’s launch is an ongoing partnership between Raisin Financial institution of Frankfurt and the pan-European fintech Raisin. The partnership takes benefit of Raisin’s market strategy, which provides a spread of deposit merchandise to assist clients lower your expenses by providing them extra selections and the flexibility to maneuver their cash freely amongst financial savings merchandise.
Poland is a perfect location for Raisin’s geographical growth as a result of it’s plagued with inflation. Although the full worth of family financial savings in Poland exceeded $500 billion (2 trillion zloty) for the primary time, the nation’s excessive inflation has restricted the precise worth of these investments.
HoistSpar is the primary financial institution to affix Raisin’s Polish platform. Headquartered in Sweden, the financial institution provides deposit accounts in its dwelling nation, Germany, Poland, and the U.Ok. At launch, new clients can profit from fixed-term deposit merchandise that pay as much as 5.80%.
Raisin was based in 2012 and constructed Raisin DS, a gaggle fashioned by a merger of fintechs corporations, in 2019. Raisin Deposit Options was launched in 2021.
With $305 million, Raisin presently serves over a million clients with its financial savings, funding, and pension merchandise. Earlier this fall, Raisin surpassed $55 billion (€50 billion) in belongings underneath administration and introduced it has generated over $1.01 billion (€1 billion) in curiosity for its clients worldwide.