Deposit Solutions and Raisin merge

Lisa Marie Münster Lisa Marie Münster | 25.06.2021

The two fintechs previously offered a similar product, but now want to think bigger. Now the Berliners and Hamburgers have to merge their teams, both founders remain loyal to the new company.

After a year of preparation, the two fintechs Deposit Solutions and Raisin announce their merger under the name Raisin DS. "The merger of Deposit Solutions and Raisin creates a European champion with global ambitions out of two German innovation leaders," says Tim Sievers, founder of Deposit Solutions. He will lead the new company together with Raisin founder Tamaz Georgadze until the end of the year, after which Sievers will move to the supervisory board.

Deposit Solutions operates the interest rate portal "Zinspilot" and offers interest rate marketplaces for 150 customers such as Hamburger Sparkasse or Deutsche Bank. Raisin also focuses on interest rates with its "Weltsparen" platform, and the fintech also offers investment opportunities in ETFs. The individual brands will remain, both companies are now also in the US market and want to push ahead with their expansion plans as Raisin DS: "Our vision is a global savings and investment market without hurdles," says Georgadze.

"By joining forces, we will increase our market penetration in Europe, build a strong presence in the US and pursue our goal of establishing Open Banking as the global industry standard in deposit-taking," Sievers says of the future. Both fintechs have raised a combined €400 million so far; Peter Thiel, for example, is behind Deposit Solutions, while Hedosophia and Ribbit Capital have invested in Raisin.


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Related companies

Deposit Solutions
Startup 2011 Hamburg
Deposit Solutions
Open Banking solution for deposits and connection platform for banks.
Raisin
Startup 2013 Berlin
Raisin
Pan-European online marketplace for loans.

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