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

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.

Interpretation of this information:

German financial technology firm, Raisin announced on March 24th the completion of the E round financing. The round received 60 million Euro with participation from private equity fund Catalyst. Raisin is an online platform that allows customers to access better savings rates from banks across Europe, which is backed by Peter Thiel’s venture capital firm and the European Investment Bank. The company intends to use the newly raised funds to expand to the United States and improve their services in Europe.

Raisin is a unique financial platform with an innovative business model. The company’s platform provides access to the best savings available across Europe by partnering with banks that offer high-interest rates. This enables users to choose from a wide range of accounts that offer better interest rates, despite the low-interest environment. The platform enables banks to expand their reach and customer base beyond their physical locations.

The platform’s operations are primarily in Europe, and the company has a well-established presence in Germany, Spain, the Netherlands, the UK, and several other European countries. After successfully building trust with European customers over the years, the company is now looking to enter the U.S market, which provides a significant opportunity for Raisin to expand and grow its customer base further.

The latest fundraise, which comes in the form of an E round financing, cements Raisin’s status as one of the leading fintech start-ups in Europe. Raisin has raised over 195 million Euro to date, with its latest funding round led by a U.S private equity firm, TCV.

In conclusion, the latest funding round for Raisin provides an excellent opportunity for the company to expand its offerings and build its presence across Europe and the U.S. The funds will allow Raisin to continue providing excellent services to its customers while expanding the platform’s capabilities.