Raisin: Acquires retirement savings marketplace fairr

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Raisin: Acquires retirement savings marketplace fairr

Raisin: Acquires retirement savings marketplace fairr

  • Raisin’s nearly 200,000 customers will also ultimately have single site access to a panoply of savings
  • Fairr aligns customers personal retirement goals in real time with user’s combined claims
  • The majority of the deal was cash, although some Fairr investors exited with a mixture of cash
  • The acquisition of Fairr is part of a strategy to enter the €12 trillion European pension
  • When the acquisition follows a recent $25 million capital injection from Goldman Sachs
  • Positioned as a service provider for fintech startups, MHB will operate under the new moniker Raisin Bank