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GlobalData
Mon, Mar 17, 2025, 7:11 AM 1 min read
Savings and concern level Raisin has expanded into the Nordic portion with the motorboat of its work successful Finland.
With net banking penetration exceeding 95% and retail deposits implicit €115bn ($125bn), Finland is said to beryllium a important marketplace for Raisin to motorboat European savings products.
The Raisin level streamlines the process for customers to comparison and unfastened deposit accounts from assorted European banks, each accessible with a azygous login.
To date, Raisin has facilitated implicit €70bn ($76.1bn) successful deposits.
Raisin CEO and co-founder Dr Tamaz Georgadze said: “Our ngo is to interruption down fiscal barriers and unlock amended involvement rates for everyone.
“This motorboat marks an important measurement successful bringing our imaginativeness to a caller marketplace and giving Finnish consumers the level they request to marque their wealth enactment harder.”
Raisin collaborates with banks that comply with EU fiscal regulations. Furthermore, deposits are covered by the EU-wide harmonised deposit warrant schemes, safeguarding up to €100,000 per lawsuit per bank, oregon an equivalent magnitude successful section currency.
At launch, the Finnish level volition enactment with BlueOrange successful Latvia, EuroExtra successful Germany, and Rediem Capital successful Sweden.
These alliances are considered indispensable for Raisin's strategy to supply high-yield savings options customised to Finnish consumers' preferences.
In December 2024, Raisin teamed up with Salt Edge, a fiscal API platform, to heighten compliance with UK regulations and present unafraid fiscal solutions.
Operating globally successful the EU, UK, and US, Raisin promises “competitive involvement rates” and a assortment of banking products, connecting banks with retail clients for scalable funding.
"Raisin launches savings level successful Finland" was primitively created and published by Retail Banker International, a GlobalData owned brand.
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