Raisin company profile: valuation, funding & revenue

This Raisin company profile covers the company's valuation, revenue, funding rounds, investors and history. Raisin works in fintech, with a focus on savings and deposit marketplace. It was founded in 2012 and is headquartered in Berlin, Germany. Its latest valuation on record is More than €2 billion (reported, secondary sale) (Late 2024). Every figure links to a public source, and anything the company hasn't disclosed is marked as such.

Revenue

Funding history

Raisin timeline

Key dates from the sources on this page, oldest first. Metric snapshots are listed after the funding events.

• 2012 — Raisin is founded in Berlin by Tamaz Georgadze (CEO), Frank Freund and Michael Stephan.
• 2023 — Series E: €60M.
• Late 2024 — Secondary sale: Not disclosed, valuing the company at More than €2B (reported).
• 2023 — Customers: More than 1 million (at the 2023 Series E).
• December 2022 — Savings deployed: More than €30 billion by end of 2022.

Investors

Raisin is a Berlin fintech that lets savers open deposit accounts at banks across Europe and the US from a single platform, earning higher interest than their own bank offers. Known in Germany as WeltSparen, it has grown into one of Europe's biggest fintechs, and a late-2024 secondary sale reportedly valued it at more than €2 billion ahead of a possible IPO. This profile explains how Raisin works for savers and banks, its valuation, expansion and risks.

Raisin's valuation

A secondary share sale in late 2024 reportedly valued Raisin at more than €2 billion, according to Techleap, which also noted IPO preparations. Raisin had raised a €60 million Series E in 2023, when it said it had more than one million customers, according to IBS Intelligence. Raisin has discussed a stock market listing, but no IPO date had been set as of October 2026.

How Raisin works

Savers open one account with Raisin and can then choose fixed-term or instant-access deposits from hundreds of partner banks in different countries, often offering better rates than large domestic banks. Raisin handles identity checks and money transfers, and deposits stay with the partner banks, protected by each country's deposit guarantee scheme, typically up to €100,000 per person per bank in the EU.

Banks use Raisin to raise deposits from customers they could not otherwise reach, without opening branches or building their own marketing. Raisin earns a fee from banks based on the deposits it brings in, so savers usually pay nothing. Over time it has added investment products, including ETF portfolios and pension products, and services that let other banks and fintechs offer deposits through Raisin's infrastructure.

Scale and expansion

Raisin said it had deployed more than €30 billion of savings by the end of 2022, with the UK, the Netherlands and the US each above €1 billion, according to a company release. Later reports put assets above €60 billion. In the US it operates as SaveBetter, launched after it entered the market, as covered by TechCrunch. In March 2026 it launched in Italy, a large deposit market where most household savings sit in low-yielding accounts. In 2025 it dropped the WeltSparen brand in Germany and Austria in favour of Raisin.

Why higher interest rates helped

When interest rates were close to zero, there was little to gain from moving savings. As central banks raised rates sharply from 2022, the gap between the best and worst savings rates widened, and many large banks were slow to pass on higher rates. That made Raisin's offer more attractive and boosted deposits, revenue and profitability. Reports said it doubled revenue to about €160 million while remaining profitable. If rates fall, the gap narrows, which is a key sensitivity for the business.

Founders

Tamaz Georgadze, a former McKinsey partner who is chief executive, founded Raisin in 2012 with Frank Freund and Michael Stephan. In 2019 it merged with Deposit Solutions, a Hamburg company that provided deposit technology to banks, and it owns Raisin Bank, a licensed German bank that supports its platform.

Investors

Raisin's backers have included Index Ventures, Ribbit Capital, Thrive Capital, PayPal Ventures and Goldman Sachs, among others. Its funding has come mainly from growth rounds before 2023 and secondary sales since.

Competitive landscape

Raisin competes with banks' own savings offers, comparison sites, other deposit platforms and comparison services, and brokers and neobanks such as Trade Republic and Scalable Capital that pay interest on cash. See our largest German startups guide.

Risks

• Falling rates: lower interest rates reduce the incentive to shop for deposits.
• Regulation: it operates under banking and payments rules in many countries.
• Partner bank risk: savers rely on deposit guarantees if a partner bank fails.
• Competition: neobanks and brokers offer competitive interest directly.

Questions to ask

• What are Raisin's current assets and customer numbers?
• How profitable is it, and how sensitive is revenue to interest rates?
• How fast is the US business growing?
• When might it list, and where?

Timeline in brief

• 2012: founded in Berlin.
• 2019: merges with Deposit Solutions.
• Later: enters the US as SaveBetter.
• 2022: passes €30 billion of savings deployed.
• 2023: €60 million Series E; more than one million customers.
• Late 2024: secondary sale values it at more than €2 billion (reported).
• March 2026: launches in Italy.

Raisin at a glance

Raisin is a Berlin savings marketplace founded in 2012 by Tamaz Georgadze, Frank Freund and Michael Stephan. It lets savers open deposits at partner banks across Europe and the US through one account, earning fees from banks. It raised a €60 million Series E in 2023 and was reported to be valued at more than €2 billion after a late-2024 secondary sale. It operates as SaveBetter in the US and launched in Italy in 2026.

How a saver uses Raisin

A saver in Germany, for example, opens a Raisin account online, verifies their identity once and transfers money into it. They can then browse offers from partner banks, such as a one-year fixed deposit at a bank in another EU country paying more than their local bank, and open it with a few clicks. At maturity, the money returns to their Raisin account. Interest is paid by the partner bank, and the saver receives tax documents as required. In the US, SaveBetter offers a similar marketplace of high-yield savings accounts and certificates of deposit from US banks.

Why banks pay Raisin

Banks need deposits to fund lending, and attracting them is expensive: branches, advertising and customer service all cost money. Through Raisin, a smaller bank can reach savers across Europe and pay only for the deposits it receives. Raisin's fee is typically a small percentage of deposits per year. When banks need funding, as they did when rates rose and depositors shopped for better returns, demand for Raisin's service increases. That two-sided model is why Raisin has been profitable while many fintechs were not.

What to watch

Watch for IPO plans, interest rate changes, US growth and new investment products. See our largest private fintech guide.

Takeaways

Raisin built a profitable business by helping savers chase better rates. Its valuation depends on staying relevant when the rate cycle turns.

Sources

Every figure on this page comes from the public sources below. Where sources disagreed, we used the company's own announcement or a primary news report. Private-company data changes; check the date beside each figure.

1. Techleap
2. IBS Intelligence
3. Raisin