MHB Bank of Frankfurt becomes Raisin Bank

Ridhima Sharma
clock • 2 min read

Berlin-based fintech Raisin continues to expand. Following the successful conclusion of ownership control procedures by Germany's Federal Financial Supervisory Authority (BaFin), Raisin has taken over MHB-Bank as sole owner, thus becoming the first fintech in Germany to buy a bank. Through the two companies' new partnership, Raisin now possesses a full banking license and will use the advantages of this acquisition to further its growth. As a next step, MHB-Bank AG will be renamed Raisin Bank AG. At the same time, Raisin's German brand WeltSparen will gain a reference point to its intern...

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