Raisin Revenue, Valuation, Funding & Investors
Raisin is valued at $1.1B as of March 2023.
Last Raisin valuation
$1.1B
Series E · Mar 2023
Last Raisin funding round
$65M
Series E · Mar 2023
Raisin revenue
$182M
Undisclosed stage · Jul 2019
Key investors in Raisin
Index Ventures
Ribbit Capital
Thrive Capital
b2venture
Avala Capital
Goldman Sachs
About Raisin
Raisin is a Berlin-headquartered fintech platform founded in 2012 that operates as a savings and investment marketplace. It links retail savers with partner banks across Europe and the United States for fixed-term deposits and cash products with competitive rates. The single dashboard enables easy account opening, management, and withdrawals from institutions like Banca Sistema in Italy and Brabo Bank in the Netherlands. Following the June 2021 merger with Deposit Solutions to form Raisin DS, the company broadened its fixed-income offerings and market presence.
Founded
2012
HQ
BerlinWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Commission
Revenue
$182M (Jul 2019)
Valuation
$1.1B (Mar 2023)
Raisin Valuation
Raisin is currently valued at $1.1B, based on its Series E in March 2023.
The $65M round was led by M&G Investments, with participation from Goldman Sachs and Hedosophia.
Raisin's valuation has grown 1.9x from $575M at its undisclosed-stage round in July 2019 to $1.1B in March 2023, across 2 priced rounds.
Raisin valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Mar 2023 | Series E | $1.1B | - |
| Jul 2019 | Undisclosed stage | $575M | 3.2x |
Raisin Revenue
Raisin's latest recorded revenue is $182M, as of its undisclosed-stage round in July 2019. At a $575M valuation, that implies a 3.2x revenue multiple.
Raisin revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jul 2019 | $182M | $575M | 3.2x | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Raisin Funding History
Raisin has raised a total of $272M across 6 funding rounds.
Raisin's first fundraising round was a $10M Series A in June 2014. The most recent completed round was a $65M Series E in March 2023.
Raisin funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2023 | Series E | M&G Investments (lead); Goldman Sachs; Hedosophia | $65M | $1.1B | Raisin, a Berlin-based fintech founded in 2012 by Frank Freund, Michael Stephan, and Tamaz Giorgadze, operates as a savings and investment marketplace connecting retail customers with over 100 partner banks across more than 25 countries to offer competitive interest rates. The company provides simple access to savings, investment, and pension products, along with Banking-as-a-Service (BaaS) solutions to over 400 financial service providers in 30+ countries. By March 2023, Raisin had surpassed one million customers worldwide, generated €850 million in interest benefits for them since inception, and managed €38 billion in assets under management (AuM), with a 30% AuM growth in the prior six months. It entered the US market in 2020, already handling over $1 billion in assets there. On March 23, 2023, Raisin raised €60 million in its Series E funding round, led by M&G’s Catalyst with participation from existing investor Goldman Sachs and other undisclosed backers. Previous investors include btov Ventures, Deutsche Bank, Greycroft, Headline, Index Ventures, Kinnevik, Latitude Ventures, Orange Ventures, PayPal Ventures, Thrive Capital, Top Tier Capital Partners, Ribbit Capital, and Vitruvian Partners; earlier rounds included €25 million from Goldman Sachs in 2019 after a €100 million Series D. The funds are earmarked for accelerating expansion into key markets like the US, developing new product features, streamlining processes, and enhancing platform accessibility to further democratize global savings and investments. Raisin reported profitability for the six months prior to the round and aims to improve saver outcomes across the EU, UK, and US while addressing financial system inefficiencies. |
| Jul 2019 | Undisclosed stage | Goldman Sachs (lead); Index Ventures; Ribbit Capital; Thrive Capital | $28M | $575M | Raisin is a Berlin-based fintech founded in 2012 that operates a pan-European marketplace for savings and investment products, offering access to deposit accounts from over 80 partner banks across Europe with more than 480 products. It provides 'deposits-as-a-service' and has partnerships with N26, Commerzbank, and others, having brokered €14 billion in deposits for over 185,000 customers by mid-2019. The platform launched country-specific sites in Germany, UK, France, Netherlands, Spain, and Austria, plus a generic EU site. On July 16, 2019, Raisin raised €25 million ($28 million) from Goldman Sachs as a top-up to its February 2019 Series D round of approximately €100-114 million. Other backers include Index Ventures, Ribbit Capital, Thrive Capital, and PayPal. Funds were allocated to prepare for a 2020 US market entry targeting the $12.7 trillion deposits sector and expansion into two additional European markets by year-end. Brokered deposits reached €14 billion with 185,000 customers by then, scaling to €38 billion AuM and over one million customers by 2023. Subsequent rounds included a €60 million Series E in 2023 led by M&G’s Catalyst with Goldman Sachs participation. |
| Feb 2019 | Series D | Hedosophia (lead); Index Ventures; Ribbit Capital; Thrive Capital; Orange Ventures | $114M | - | Raisin, a Berlin-based pan-European fintech marketplace for savings and investment products (known as WeltSparen in German-speaking markets), closed a Series D funding round of $114 million in February 2019, bringing total funding raised to $200 million. Existing investors Index Ventures, PayPal, Ribbit Capital, and Thrive Capital participated. The capital was earmarked for strategic acquisitions, further internationalization including launches in at least two additional markets beyond recent entries in the Netherlands and UK, team expansion, and extending its product line. Raisin operates a 'Deposits-as-a-Service' model, partnering with 62 banks across Europe to broker deposits and provide customers access to higher interest savings products via a single online registration. At the time of the announcement, it had facilitated over $11 billion in deposits and helped more than 160,000 customers from 31 European countries earn $90 million in interest. The platform leverages EU banking regulations to create a 'Schengen experience' for banking, offering transparency and cross-border access to financial institutions, particularly smaller and midsize banks seeking liquidity and broader customer reach. Founded around 2012-2013, Raisin had grown rapidly, earning recognition such as a spot in Europe's top five fintechs by the FinTech50 awards. It integrated with partners like O2 Banking, N26, and BinckBank to embed savings marketplace solutions. CEO Tamaz Georgadze emphasized breaking barriers to profitable saving through open markets. |
| Jan 2017 | Series C | Thrive Capital (lead); Index Ventures; b2venture; FJ Labs; Ribbit Capital; Fabrice Grinda; Binomial Ventures; Avala Capital | $32M | - | Raisin is a Berlin-based fintech marketplace founded in 2012 that enables European savers to access deposit accounts with better interest rates across partner banks throughout the European Union. The platform operates under the brands WeltSparen and Raisin and has expanded from Germany and Austria to 31 countries across Europe by early 2017. The company raised €30 million in Series C funding in January 2017, led by Thrive Capital with participation from existing investors Ribbit Capital and Index Ventures. The round brought Raisin's total funding to €60 million at that time. In 2016, Raisin achieved record growth by tripling the funds invested via the marketplace to over €2 billion, more than doubling the number of partner banks to 27, and expanding its geographic reach significantly with the Spanish platform launch in December 2016. The company planned to use Series C proceeds to expand into new markets including Italy, launch additional investment products, and reach new customer groups. Raisin subsequently raised a Series D round of €100 million (approximately $114 million) in later 2018, and also received a strategic investment from PayPal in 2017, bringing cumulative capital raised to €170 million ($195 million) by that later funding event. |
| Aug 2015 | Series B | Index Ventures (lead); Ribbit Capital (lead); DN Capital; b2venture; Tom Stafford; Avala Capital; Yuri Milner | $22M | - | - |
| Jun 2014 | Series A | Index Ventures (lead); b2venture; Avala Capital | $10M | - | - |
Who has invested in Raisin?
15 investors have backed Raisin across its funding rounds, including Index Ventures, Ribbit Capital, Thrive Capital, b2venture, Avala Capital and Goldman Sachs.
Lead investors include M&G Investments, Goldman Sachs, Hedosophia, Thrive Capital, Index Ventures and 1 other investor.
Raisin Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 London | 5 | Lead | Jun 2014 | |
 San Francisco, CA | 4 | Lead | Aug 2015 | |
| Berlin | 3 | Participant | Jun 2014 | |
| New York City, NY | 3 | Lead | Jan 2017 | |
| Berlin | 3 | Participant | Jun 2014 | |
| New York City, NY | 2 | Lead | Jul 2019 | |
| London | 2 | Lead | Feb 2019 | |
| United States | 1 | Participant | Aug 2015 | |
| New York City, NY | 1 | Participant | Jan 2017 | |
| London | 1 | Lead | Mar 2023 | |
| New York City, NY | 1 | Participant | Jan 2017 | |
 Moscow | 1 | Participant | Jan 2017 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Tom Stafford |  Hong Kong | 1 | Participant | Aug 2015 |
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Start Free TrialAcquisitions by Raisin
Raisin has acquired 6 companies to date.
Last acquisition by Raisin was on June 23rd 2022. Raisin acquired Bankhaus August Lenz (payment unit) for undisclosed valuation.
Latest Acquisitions by Raisin
| Bankhaus August Lenz (payment unit) | |||||
| Description | Bankhaus August Lenz payment unit is a Munich-based division offering electronic payment processing, POS terminals, and cash management to retailers in Germany. The unit handles card transactions, mobile payments, and service tools for over 10,000 merchants, integrating with networks like Visa and Mastercard. | Deposit Solutions is a Berlin-headquartered open banking platform that enables European banks to offer third-party deposit products via white-label solutions. Its Deposit Marketplace connects over 200 partner banks across 14 countries, allowing savers to access competitive rates without switching accounts. Founded in 2015, the firm supports funding diversification for institutions like Solarisbank. | CHOICE Financial Solutions is a Madrid-based software provider for retail banking, enabling real-time product personalization for savings accounts at branches, online, and mobile channels. Founded around 2011, the platform overcomes legacy core system limitations, serving financial institutions in Spain and Latin America with modular deployment options. | fairr.de is a Munich-based digital platform for pension optimization in Germany. Users access a dashboard matching statutory, occupational, and private pension entitlements against retirement goals. Savings direct into ETF-based products with Riester and Rürup tax advantages. The service launched in 2019 and serves over 50,000 customers. | |
| HQ Country | | |  | | |
| HQ City | Munich | Hamburg | Madrid | Berlin | |
| Deal Date | 23 Jun 2022 | 25 Jun 2021 | 15 Jan 2020 | 28 Aug 2019 | |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
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Investments by Raisin
Raisin has invested in 1 company to date.
Latest investment by Raisin was on April 9th 2025. Raisin invested in MejorCDT in their $1M Seed round.
Latest Investments by Raisin
| Description | MejorCDT is an Argentina-focused investment platform specializing in fixed-term deposit products. It enables users to compare and invest in high-yield savings accounts digitally via mejorcdt.com, bypassing physical bank visits, with future expansions into corporate bonds, stocks, and cryptocurrencies. |
| HQ Country |  |
| HQ City | Bogotá |
| Deal Date | 9 Apr 2025 |
| Round | Seed |
| Raised | $1M |
| Investors | Y Combinator; Harvard University |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
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Raisin Competitors
Raisin competitors include listed companies like Mony Group, EverQuote, eFinance and Hypoport, and private ones like The Zebra and Chemao.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Austin, TX | Private | $150M | - | $1B | 6.7x | |
| United Kingdom | Publicly listed | $599M | $184M | $1.3B | 2.3x | |
| United States | Publicly listed | $693M | $62M | $806M | 0.8x | |
 Egypt | Publicly listed | $130M | $67M | $1.6B | - | |
| Germany | Publicly listed | $694M | $78M | $590M | 0.8x | |
 Hangzhou | Private | - | - | $1.1B | - |
Raisin Public Comps
Raisin is still privately-owned, but its public comps include Baltic Classifieds Group, Yelp, Upwork, Tripadvisor, LegalZoom, Upbound, Grupa Pracuj, The RealReal, QuinStreet and BuySell Technologies.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $102M | $79M | 11.2x | 10.9x | 14.5x | 14.1x | |||
| $1.5B | $251M | 0.8x | 0.8x | 4.5x | 3.4x | |||
| $788M | $180M | 1.0x | 1.1x | 4.6x | 3.6x | |||
| $1.9B | $160M | 0.6x | 0.6x | 6.8x | 4.2x | |||
| $756M | $74M | 1.2x | 1.1x | 12.1x | 4.8x | |||
| $4.7B | $1.7B | 0.6x | 0.6x | 1.5x | 5.2x | |||
| $214M | $95M | 4.6x | 4.4x | 10.3x | 9.7x | |||
| $693M | $15M | 2.2x | 2.0x | 99.6x | 24.6x | |||
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Common questions about Raisin
| When was Raisin founded? | Raisin was founded in 2012. |
| Where is Raisin headquartered? | Raisin is headquartered in Berlin, Germany. |
| Is Raisin publicly listed? | No, Raisin is a private, VC-backed company. |
| What is Raisin's valuation? | Raisin was last valued at $1.1B in its Series E in March 2023. |
| How much funding has Raisin raised? | Raisin has raised $272M across 6 funding rounds. |
| What was Raisin's last funding round? | Raisin's last funding round was a $65M Series E in March 2023, led by M&G Investments. |
| Who are Raisin's investors? | Raisin's investors include Index Ventures, Ribbit Capital, b2venture, Thrive Capital, Avala Capital, Goldman Sachs, Hedosophia, DN Capital, FJ Labs, M&G Investments and 5 others. |
| What is Raisin's revenue? | Raisin's latest recorded revenue is $182M (July 2019). |
| What is Raisin's revenue multiple? | Raisin's latest valuation implies a 3.2x revenue multiple ($575M valuation on $182M of revenue). |
| Which companies are comparable to Raisin? | Companies comparable to Raisin include The Zebra, Mony Group, EverQuote, eFinance, Hypoport and Chemao. |
| How many companies has Raisin acquired? | Raisin has acquired 6 companies, including Bankhaus August Lenz (payment unit), Deposit Solutions, CHOICE Financial Solutions, fairr.de and MHB Bank. |
| How many companies has Raisin invested in? | Raisin has invested in 1 company, including MejorCDT. |
| What was Raisin's last investment? | In April 2025, Raisin invested in MejorCDT's $1M seed round alongside Y Combinator and Harvard University. |
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