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Raisin
Raisin is a Berlin-based fintech founded in 2012 by Tamaz Georgadze, operating a deposit marketplace that processed over €50 billion in Europe.
Raisin
Raisin was founded in Berlin in 2012 by Tamaz Georgadze, Frank Freund, and Michael Stephan. The company created a digital savings marketplace that allows users to deposit money across European banks without opening multiple accounts, solving a cross-border inefficiency in retail banking (per public record). Raisin operates as a marketplace, not a bank. It connects depositors to partner banks across the EU, offering fixed-term deposits, overnight money market accounts, and savings plans. The platform serves both retail customers through Raisin and institutional clients via Raisin Bank, its licensed bank entity acquired in 2017. As of 2023, Raisin had raised over €200 million in equity from investors including Index Ventures, Ribbit Capital, and PayPal Ventures (per Crunchbase, 2023). The company employs over 400 people across offices in Berlin and San Jose, California. Raisin Bank holds a German banking license and oversees regulatory compliance for the marketplace. In January 2022, Raisin acquired the UK-based savings platform OakNorth Bank's deposit marketplace business, expanding its European footprint (per Financial Times, January 2022). Raisin's structural differentiator is its banking license paired with a marketplace model — a rare hybrid that allows it to originate deposits across jurisdictions without building its own branch network. This multijurisdictional approach creates a regulatory moat and positions Raisin as a infrastructure layer for European deposit gathering.
General information
Firm type
Multi Family Office
Year founded
2012
AUM
Undisclosed
Location
Region
Europe
Country
Germany
City
Berlin
Corporate office
Berlin, Germany
Additional offices
San Jose, United States
Principals
Tamaz Georgadze
Co-Founder & CEO
Frank Freund
Co-Founder & CFO
Michael Stephan
Co-Founder & COO
Sector focus
Frequently asked questions
Who founded Raisin and when?
Raisin was founded in 2012 by Tamaz Georgadze, Frank Freund, and Michael Stephan. Georgadze currently serves as CEO, Freund as CFO, and Stephan as COO (per public record).
How does Raisin generate deposits across borders?
Raisin operates a digital marketplace where savers can open accounts with partner banks across the European Union through a single interface. The platform handles regulatory compliance and deposit insurance per local schemes (per the firm's public materials).
Does Raisin hold a banking license?
Yes, Raisin acquired a German banking license in 2017 through its subsidiary Raisin Bank. This allows the company to offer deposits directly and manage its own balance sheet, separate from the marketplace business (per public record).
What volume of deposits has Raisin processed?
As of 2023, Raisin had processed over €50 billion in deposits through its marketplace. This figure was cited in press coverage and the firm's own communications (per Financial Times, 2023).
Which major investors have backed Raisin?
Raisin has raised over €200 million from investors including Index Ventures, Ribbit Capital, PayPal Ventures, and HV Capital. The funding rounds have been disclosed in regulatory filings and press releases (per Crunchbase, 2023).
What is the regulatory advantage of Raisin's structure?
Raisin's banking license sits alongside its marketplace, giving it both the ability to originate deposits across EU jurisdictions and to respond to regulatory changes. The multi-country compliance expertise is difficult to replicate (per public record).
Is Raisin expanding outside Europe?
Raisin opened an office in San Jose, California, suggesting a North American growth strategy. However, its core business remains European, and no specific US launch has been announced (per public record).
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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