o2 Banking launches savings and investment products with Raisin’s WeltSparen

Telefónica Deutschland starts distribution partnership with Raisin’s German platform WeltSparen

Berlin / Munich, 23. January 2019. Beginning today, O2 Banking customers in Germany will gain access to WeltSparen’s wide range of savings and investment products directly through their mobile O2 Banking app. In Germany’s ongoing low-interest environment, O2 Banking customers looking for new options to save or invest can enjoy significant benefits from Raisin’s higher interest rates and cost-effective, globally-diversified ETF portfolios.

“Particularly given this period of low interest rates, we are glad to be offering our customers attractive investment opportunities together with WeltSparen,” said Markus von Böhlen, Director of Devices, Trading & Digital Life for Telefónica Deutschland and in charge of O2 Banking.

The WeltSparen products now available in the O2 Banking app include term deposits and overnight accounts from more than 60 partner banks across the EU, as well as transparent and cost-effective ETF portfolios in four asset classes, which are offered in cooperation with Vanguard and DAB BNP Paribas. All deposits invested through Raisin are protected by the respective national deposit guarantee schemes up to 100,000 EUR per bank per customer, as specified by EU guidelines.


Save money with Raisin and o2 Banking

A simple and secure banking experience

The partnership with WeltSparen delivers the first external offers on the O2 Banking app and thereby represents a significant expansion into the area of open banking. Raisin offers a simple and secure online banking experience together with its deposit and investment products, making it an ideal partner for O2 Banking.

The mobile O2 Banking account is a full-featured checking account with a mobile-optimized user experience and has already received multiple awards. The bank account, including a debit Mastercard, is free of charge and available to all. It offers electronic transfers via mobile phone number along with comprehensive security features such as push notifications. O2 customers also receive an additional monthly high-speed data volume according to their use of O2 Banking. O2 Banking is implemented in cooperation with the Munich-based Fidor Bank AG.

Raisin one of Europe’s top fintechs

Across its six active national platforms, including in Germany, Spain and the UK, along with its EU-wide marketplace, WeltSparen’s parent company Raisin has already brokered over 10 billion EUR, winning customer approval to the tune of an Net Promoter Score of 73 and TrustScore of 9.3. Raisin has been named one of Europe’s Fintech 50 now for three years in a row, as well as to the last two years’ Fintech 250 lists of the most promising firms in the sector globally.

“We are very pleased to partner with a telecom pioneer in German mobile banking, and to make our wide selection of savings and investment products available to O2 customers. For me, O2 is a great example of a forward-thinking incumbent player embracing open banking as a strong and innovative model for future growth,” explains Raisin CEO Dr. Tamaz Georgadze.


About Raisin 
Raisin launched its first marketplace for savings products in 2013 in Germany. In just five years, more than 160,000 customers have invested over EUR 10 billion with Raisin’s 62 partner banks, earning EUR 80 million in interest so far. With Raisin.com available in English across Europe, the company also has localized platforms for Germany and Austria under the WeltSparen brand, as well as in France, Spain, the UK and the Netherlands. Raisin is one of the most distinguished and best capitalized fintechs in Europe, with over EUR 70 million raised from investors such as PayPal, Index Ventures, Ribbit Capital and Thrive Capital.


About Telefónica Deutschland
Telefónica Deutschland offers telecommunications services for private and business customers, as well as innovative digital products and services in the fields of the Internet of Things and data analytics. With a total of 49.6 million customer connections (as of 30 September 2018), the company is one of the leading integrated telecommunications providers in Germany. In the mobile segment alone, Telefónica Deutschland is responsible for more than 45.4 million connections – no other domestic network operator connects more people. By 2022, the company aims to become the “Mobile Customer & Digital Champion”, meaning the preferred partner for customers in the German mobile service market that allows them mobile freedom in the digital world. Through its core brand O2 and various secondary and partner brands, the company sells postpaid and prepaid mobile telecommunications products including innovative mobile data services. The basis for this is a mobile service network based on a high-performance GSM, UMTS and LTE infrastructure. Telefónica Deutschland also provides telephony and high-speed internet products, such as VDSL, in the fixed network field. Telefónica Deutschland Holding AG has been listed in the Prime Standard on the Frankfurt Stock Exchange (TecDAX) since 2012. In the 2017 financial year, the company generated revenue of EUR 7.3 billion with almost 9,300 employees. The company is majority owned by the Spanish telecommunications group Telefónica S.A., headquartered in Madrid. With operations in 17 countries and a customer base of almost 350 million connections, the group is one of the world’s biggest telecommunications providers and one of the 100 digital pioneers in Europe (Ranking Financial Times 2018).
Media contact Raisin GmbH
Nicole Scheplitz & Maggie Bell
T +49 (0)30 36 74 119 38
Media contact Telefónica Germany GmbH & Co. OHG
Stefanie Seidlitz | Pressesprecherin o2 Banking
M +49 (0)176 3064 3421 | T +49 (0)89 2442 6223
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