Linxo, the leading French smart financial assistant that enables customers to simplify their money management by aggregating bank accounts, will be collaborating with Raisin, the leading provider of simple savings and investment products. Both fintechs have the common goal of making European savings products easily accessible for their customers.
The collaboration between the companies will enable 1.6 million existing Linxo users to access the most attractive term deposits of selected partner banks from across Europe. All deposits are 100 percent guaranteed up to EUR 100,000 per saver and bank by national deposit guarantee schemes in accordance with EU directives.
“With the impetus of the Payment Services Directive (PSD2), we will now be able to create a harmonised approach in Europe,” says Bruno Van Haetsdaele, co-founder of Linxo. “Raisin is the first pan-European partner of Linxo Market, the first marketplace to be launched by a financial assistant app in Europe in January 2017. This partnership reflects our desire to create an open European ecosystem of financial services directly accessible from Linxo whatever the european country you live in.”
Established in 2010 in Aix-en-Provence, Linxo has more than 1.6 million users that have access to their technology via its BtoC channel and in addition via its BtoB partners (Fortuneo, BforBank, MAIF, HSBC). Linxo has raised EUR 23.3 million with Crédit Mutuel Arkéa, Crédit Agricole and MAIF. The company is a founding member of the France Fintech association.