Raisin, a savings and investment platform, is expanding into the Nordic region through the launch of its platform in Finland.
The launch in Finland comes as the latest step in Raisin’s strategic expansion, following successful launches in the US and Poland. The Nordic region is known for its digitally savvy consumers and strong adoption of online financial services, representing a significant opportunity for Raisin to offer savers access to competitive savings products from banks across Europe
With over €110billion in retail savings deposits and an internet banking penetration of over 95 per cent, Finland presents a strong growth opportunity for Raisin’s innovative, borderless savings platform.
Raisin’s platform enables customers to compare and open deposit accounts across Europe. It says its users benefit from transparent terms, no fees, and a secure platform that has already facilitated over €70 billion in deposits.
“We are thrilled to bring Raisin to Finland and empower savers with greater access to high-yield savings accounts and deposits from across Europe,” explained Dr Tamaz Georgadze, co-founder and CEO of Raisin. “Our mission is to break down financial barriers and unlock better interest rates for everyone. This launch marks an important step in bringing our vision to a new market and giving Finnish consumers the platform they need to make their money work harder.
“Raisin has grown into a leading global fintech, established in ten markets, including Germany, the Netherlands, the UK, and the USA. More than half of our growth comes from international markets, with over €70billion in assets managed for more than one million customers.”
Enhancing security for savers
All of Raisin’s partner banks comply with EU financial regulations to ensure trust and security. The EU-wide harmonised deposit guarantee schemes protect deposits up to €100,000 per customer and bank or an equivalent amount in local currency.
The Finnish platform launches with trusted European banks and their products: BlueOrange (Latvia), EuroExtra (Germany), as well as Rediem Capital (Sweden). These partnerships will enable Raisin to provide a diverse selection of high-yield savings options tailored to the needs of Finnish consumers.
“As we launch our 10th platform in Finland, we’re not only excited to offer savers better financial opportunities but also proud of Raisin’s continued growth across Europe,” Georgadze added. “This expansion aligns with our broader vision to become the leading global savings and investment marketplace. To date, Raisin has enabled customers to accrue more than €2billion in interest on their savings, and we look forward to bringing more innovative solutions and partnerships to markets worldwide.”
