German fintech Raisin to enter $12.7 trillion U.S. deposits market

21/05/2019 Perspective

Raisin, the Berlin-based European savings and investment marketplace, today announced that it is entering the U.S. market with the appointment of financial industry expert, Paul Knodel, as U.S. CEO. Raisin will bring its cross-border deposits business model to the $12.7 trillion U.S. deposits market. This expansion follows its groundbreaking acquisition of a bank. Raisin is backed by more than $200 million in financing from leading global fintech PayPal, as well as Index Ventures, Thrive Capital, Ribbit Capital and Orange Digital Ventures among others.

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