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Raisin Announces $114 Million Funding Round And $11B In Deposits

by vcaonline.com posted 1week ago 20 views
BERLIN, February 6, 2019-– Today Raisin, the pan-European fintech marketplace for savings and investment products, announced that it closed a Series D funding round of $114 million, bringing the total amount raised to $200 million. Raisin also announced that it has brokered more than $11 billion in deposits to 62 partner banks and earned savers $90 million in earned interest. Existing investors Index Ventures, PayPal, Ribbit Capital and Thrive Capital all participated in the round. The new capital will be put toward strategic acquisitions and further internationalization.

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