Georgian-founded fintech Raisin secures €60M in new investment

Raisin, a German-based fintech company, has secured €60 million in funding from major investors Goldman Sachs and M&G Investments. The company was co-founded by a Georgian entrepreneur Tamaz Giorgadze, CBW reports.

• Founded in 2012 by Frank Freund, Michael Stephan, and Tamaz Giorgadze, Raisin is a savings and investment marketplace that connects retail customers with banks looking to expand deposit reach. The company helps savers to get the best interest rates.

• Raisin’s unique approach to simplifying banking has helped it to partner with over 100 partner banks in more than 25 countries. Recently, the company surpassed one million users and generated interest benefits of about €850 million since its inception.
• The fresh €60 million capital was provided by Goldman Sachs, an American multinational investment bank and financial services company, and M&G Investments, a global investment manager headquartered in London.
• Raisin will use the funds to accelerate its expansion into global markets, like in the US, where it already manages assets of more than $1 billion.