FinTech marketplace Raisin has closed a $114m series D funding round, which brings the company’s total amount raised to $200m.
Existing investors Index Ventures, PayPal, Ribbit Capital and Thrive Capital all joined the new round.
Raisin has said it will use the new funding for strategic acquisitions and further internationalization.
The Berlin-based FinTech is also planning to expand to at least two additional markets this year, following on from launches in the Netherlands and the UK last year.
The company is set to expand the international team and investment product offering of its Manchester subsidiary.
Raisin’s marketplace platform provides users with access to deposit accounts across Europe allowing them to save at the highest interest rates.
Raisin has also announced it has brokered more than $11bn worth of deposits with its 62 partner banks.
“The company’s platform automatically opens the chosen deposit accounts for users and allows them to manage accounts across multiple partner banks,” said Index Ventures partner Neil Rimer. “Raisin has realized its vision of a single market for savings and investment products.
“Using their Raisin account, people can choose savings and investment products among hundreds of offers from dozens of institutions in multiple countries and invest instantly with a few clicks.
“We’re excited to continue to support Raisin on its quest to create Europe’s leading destination for savers and retail investors alike.
Last year Raisin formed a partnership with UK-based Starling Bank to improve customer experiences and access to better interest rates.
Back in 2017, the start-up closed a €30m Series C funding round led by Thrive.
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