Finect and Raisin partner on competitive savings to help Spanish depositors beat low interest rates

Raisin’s Miguel Costa Freire (L); Antonia Botas CEO of Finect (R)


  • 2 million users of Spanish financial resource platform Finect can now access 60 deposit products from across Europe through the new cooperation with Raisin
  • With returns of up to 1.41% p.a. on deposits from 13 different banks across Europe, Raisin’s are among the top available offers in Spain

The interactive financial resource platform Finect and deposits marketplace Raisin are launching a partnership, in a significant step toward broadening access in Spain to higher interest rates. Finect’s more than two million users can now invest in attractive Raisin European partner bank deposits directly from the Finect platform.

By integrating Raisin’s offers, Finect connects its users to a wide range of banking opportunities with attractive interest rates outside of Spain, from France, Belgium and Italy, to Norway, Estonia and other EU markets. The more than 60 available deposit products come from 13 of Raisin’s European partner banks, enabling Finect users to select both for rate and geographical location, and to earn as much as 1.41% p.a.

“Spanish families have accumulated a record figure of almost 900,000 million EUR in bank deposits, but not always with a meaningful return. In fact, in many cases, they don’t even earn interest. Thanks to the agreement with Raisin, Finect will give users access to the best conservative deposit products for the segment of their savings that they prefer not to risk in the markets,” says Antonio Botas, CEO of Finect. “This is a new and important step in our broader objective: to bring the best products and services to Spanish savers, following the launch of our fund platform in July.”

Miguel Freire, Country Manager of Raisin Spain adds: “With the increase in savings volume since the start of the Covid-19 pandemic, creating access to better savings options with higher yields is more important than ever. Finect and Raisin share a mission to use digital technology to provide people in Spain with not only more information but also more competitive options. Our new partnership thus solves a key challenge faced by Spanish consumers during a period of market volatility, where mitigating risk is as essential as earning a more profitable return. With Raisin’s marketplace, Finect users will be able to beat the all-time low interest rates across Spain while enjoying the security of term deposits.”

All of the banking products on Raisin’s marketplace are secured by the deposit guarantee laws in each partner bank country of origin, in line with EU guidelines, covering up to 100,000 EUR per person, per bank.


About Raisin
A trailblazer for open banking and the leading pan-European one-stop shop for online savings and investments, Berlin-based fintech Raisin was founded in 2012 by Dr. Tamaz Georgadze (CEO), Dr. Frank Freund (CFO) and Michael Stephan (COO). Raisin’s platforms — under the brand WeltSparen in the German-speaking world — are breaking down barriers to better savings for European consumers and SMEs: Raisin’s marketplace offers simple access at no charge to attractive and guaranteed deposit products from all over Europe, as well as globally diversified, cost-effective ETF portfolios and pension products (currently available in Germany). With one online registration, customers can choose from all available investments and subsequently manage their accounts. Since launch in 2013, Raisin has placed 26 billion EUR for more than 280,000 customers in 28+ European countries and 98 partner banks. Raisin was named to Europe’s top 5 fintechs by the renowned FinTech50 listing and is backed by European and American investors such as btov Ventures, Goldman Sachs, PayPal Ventures, Thrive Capital, Index Ventures, Orange Digital Ventures and Ribbit Capital. Raisin UK in Manchester, banking-as-a-service provider Raisin Bank in Frankfurt, pensions specialist fairr, and Raisin Technology (formerly Choice Financial Solutions) all belong to Raisin.

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