BankingFunding

Peac Finance: Enters German deposit market with Raisin

  • Fintech Raisin signed on to support the new PEAC Bank in its entry into the deposit business
  • The Hamburg-based PEAC granted a banking license by the German Federal Financial Supervisory Authority in December of 2020
  • The company now offers deposits for private customers under the PEAC Bank brand
  • Customers can open the interest-bearing accounts, with terms from three months to five years
  • PEAC Finance supports medium-sized companies in seven countries where the company has established offices with localized capabilities
  • With Raisin found the right partner to launch deposit business and drive it forward in the most expedited manner
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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