Raisin acquires fairr, forays into pension market

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Raisin acquisition of fairr : Open banking fintech Raisin has acquired fairr, a German-based retirement savings specialist, in a transaction involving shares as well as cash, as per the latest fintech industry news.

The acquisition comes close on the heels of Raisin’s addition of service bank MHB-Bank to its portfolio this year.

Post-acquisition, Raisin will get access to the €12 trillion European pension and retirement savings market.

In addition, Raisin’s approximately 200,000 customers will have access to specialized pension products, fixed-term and overnight accounts, and ETF portfolios in the German market.

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fairr offers Rürup, state-funded Riester and company pension product solutions, in addition to pension cockpit for a holistic overview of customers retirement savings.

Raisin acquisition of fairr

Raisin acquisition of fairr : Raisin co-founder and CEO Dr. Tamaz Georgadze. Photo courtesy of Raisin GmbH, Berlin.

Commenting on Raisin acquisition of fairr, Dr Tamaz Georgadze – CEO and co-founder of Raisin said: “Through the takeover we will be able to expand our product offering specifically around the important aspects of retirement saving.

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“Together we want to grow and bring new momentum to the sector.

“Next to bank deposits, retirement savings is the most important asset class for individuals, with a volume of 2 trillion Euro in Germany alone.”

Though the brand will be incorporated under Raisin’s umbrella as “fairr by raisin”, fairr’s range of products will continue to be available at www.fairr.de

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Jens Jennissen – co-founder of fairr, commenting on Raisin acquisition of fairr, said: “With Raisin’s access to the market we will be able to expand our reach significantly and continue to revamp the retirement savings market.”


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