Raisin DS is now Unicorn

According to a media report, a long-standing investor has valued the company at 1.3 billion euros. This would make the newly merged company one of the most important fintechs in Germany.

Raisin and Deposit Solutions merged just a few weeks ago. The offer was apparently too similar, the competition too fierce for both to grow quickly. Now it is clear that the merger under the joint name Raisin DS has paid off, at least in terms of valuation. According to investor Kinnevik, it now stands at 1.3 billion euros, making the fintech a unicorn.

This puts Raisin DS under the leadership of Tamaz Georgadze in the same league as other fintech giants such as N26, Mambu, Scalable Capital and Trade Republic. Some of these are already valued at several billion US dollars or euros, Trade Repblic for example at 5.3 billion US dollars. However, the valuation of the now merged interest rate portal is impressive. Finance Forward first reported on the valuation.

After all, Raisin DS has only existed in this form for a few weeks. Previously, both Raisin and Deposit Solutions offered so-called interest marketplaces. Customers from Europe were able to find interest rate offers from banks in Europe that were higher than in their home country due to higher risks and increased capital requirements of foreign financial institutions. For example, German savers can park money with Bulgarian banks, which add a premium to their interest rates. As the two banks had very similar products, they joined forces and now operate under the name Raisin DS. Together, they also want to raise new capital soon and venture into the USA.