The cross-border deposits marketplace Raisin has launched in Ireland.
Ireland is famous for its low interest rates. Now Raisin aims to triple interest rates on deposits for Irish savers. It will also offer a range of deposit products to Irish bank by providing them access to Raisin’s platform.
Frank Freund (pictured), chairman of the supervisory board of Raisin Bank, the startup’s parent company, and co-founder of Raisin, told Silicon Republic, “Raisin Bank is enlarging its focus on fintech and digital banking, areas driving the customer-centric direction of retail banking today.
“We were thus eager to take this opportunity to lead on the launch of a Raisin platform in such an important market. With the Raisin.ie marketplace, Raisin Bank is enabling Irish customers to significantly increase their profits on deposits by connecting them in a simple, transparent way to competitive offers on the continent.”
The news comes on the back of Raisin teaming up with Monese, the banking app, in September to launch the Monese Savings service. This meant customer across the UK, Germany, Austria, France, the Netherlands and Spain would be able to access over 500 competitive transnational savings products from 80 European partner banks.
In August, Raisin acquired the pension specialist fairr, enabling Raisin to tap into the €12tn European pension and retirement savings market.
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