Raisin: Announces €60 million funding
- Raisin has raised €60 million in a series E funding round from existing and new investors
- The global savings and investment specialist has over 1 million customers generating €850 million in interest
- It has been profitable for six months and currently manages €38 billion in Assets under Management (AuM) for customers globally
- The investment will help to give more consumers access to simple and convenient products by investing in new features
- Its aim is to accelerate growth in expanding markets such as the United States, where it added over $1 billion AuM in 2022 alone
- The funding round includes two new investors, a global financial services institution, and M&G’s Catalyst
