European fintech marketplace Raisin has raised $114 million from existing investors led by PayPal, Index Ventures, Ribbit Capital, and Thrive Ventures in a Series D funding round.
The firm already functions in seven European marketplace and wishes to use the new investment to make strategic acquisitions and expand further internationally.
Raisin CEO and co-founder Dr. Tamaz Georgadze: “We want to break through unnecessary barriers to profitable saving and share the benefits of open markets – with both consumers and banks. Our central aim is to give savers and financial institutions the ‘Schengen experience’ for banking. Our first five years demonstrate that, indeed, Raisin stands for the saving and investing of the future.”
Neil Rimer, partner at Index Ventures says: “Raisin has realised its vision of a single market for savings and investment products. Using their Raisin account, people can choose savings and investment products among hundreds of offers from dozens of institutions in multiple countries and invest instantly with a few clicks.”