Goldman Sachs invests €25m in German fintech for US launch

Ridhima Sharma
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Goldman Sachs invests €25m in German fintech for US launch

Global investment bank Goldman Sachs has invested €25m in Berlin-based fintech company Raisin. The new investment follows the fintech's recent Series D round of €100m raised in February 2019.

With the new funding, Raisin will build its stateside presence to prepare a 2020 launch in the $12.7trn US savings market, as well as enter two new European markets within 2019. 

Following Raisin's acquisition in 2017 of Manchester-based PBF Solutions — Raisin UK (raisin.co.uk) — the startup bought its long-time servicing bank MHB-Bank in early 2019. Now, the fintech aims to further advance its technology, acquire top-notch talent, and broaden its product portfolio.

With the backing of Goldman Sachs, Raisin will be able to further accelerate its mission of removing barriers and simplifying access to better and fairer savings and investments in Europe and USA.