8.6 C
New York
Wednesday, October 4, 2023
Home Fintechs Raisin brings customer services under one roof

Raisin brings customer services under one roof

One of the stated goals of the Raisin platforms is Europe-wide, cross-border access to financial products. Germany-based Raisin is now making use of the recent acquisition of MHB Bank to bring customer accounts from 31 countries to its own Raisin bank.

The Raisin platform connects dozens of partner banks with more than 250,000 customers from different European countries. Previously, customers across Europe had to open a service account with Belgium-based Keytrade Bank to sign up with Raisin.

This has changed now as all of Raisin’s European customers have been transferred to Frankfurt-based Raisin Bank. Dr. Tamaz Georgadze, co-founder and CEO of Raisin, told AltFi: “The consolidation of infrastructure brings a lot of value to us, but also the users of our platform.”

This consolidation comes with one exception: with Brexit, Raisin’s UK subsidiary will continue to partner Starling Bank.

Katharina Lueth, VP Europe, Raisin, says: “We benefit as a result of the wide range of synergy effects within our group of companies and, as a European company, are thus consistently living the idea of a European single market.

“Going forward, our customers – as well as our partner banks and other business partners – will receive all their services consistently and from a single source.”

Also, just recently, the Swedish ‘buy now – pay later’ unicorn Klarna has partnered with Raisin to expand it’s offering in the German market. Check the full article below.

Read also: Klarna and Raisin team up to launch savings accounts in Germany

Raisin Bank has so far garnered €23.5bn in deposits from over 265,000 customers across 28 European countries and 94 partner banks.

Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

Recent posts

The Future of Payments: Wearable Technology Revolutionising Transactions

In this blog, we'll delve into the exciting world of wearable payment technology and explore how it's poised to reshape the future of transactions.

Demystifying Payment Engines, Gateways, Processors, and Channels

The payment infrastructure is the foundation of all financial transactions in the dynamic world of digital commerce.

Cross-Border Payments, Deep Dive

It will take a deliberate strategy grounded on in-depth local market and industry knowledge to navigate this complicated and diversified market.

Achieving Product-Market Fit: A UX Designers Guide 

The Product-Market Fit framework, coupled with key insights and practical methods, offer organizations a road map for navigating this vital phase successfully.