Berlin’s Raisin partners with Credorax to offer its German users retail deposits
Pan-European savings marketplace Raisin has partnered with merchant acquiring bank Credorax to offer its German customers retail deposits.
Raisin’s deal with Credorax also marks the fully-licensed bank and smart payments provider’s first banking products to be rolled out in the region.
Raisin’s CEO and co-founder Tamaz Georgadze [c. Lukas Schramm]
The companies say this cooperation between two cross-border financial services “points to future of finance”. It will see Raisin offer more to its customers and see Credorax expand its banking offer into a new market in Europe.
“Making Credorax’s first deposit products available exclusively to our customers in Germany is a win for Raisin and for German savers looking for competitive yields on their deposits,” says Raisin’s CEO and co-founder Tamaz Georgadze.
“By facilitating investing anywhere in Europe, we’re providing customers with a solution to the persistent low-interest environment in Germany,” Georgadze adds.
Raisin is the first – and currently the only – company to offer Credorax’s retail deposits to its customers, which suggests more firms across Europe will be soon to follow.
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