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Fintech Raisin has gained a new partner bank with the Italian IBL Banca. German savers can now take out interest-bearing savings products from IBL Banca on Raisin’s platform WeltSparen – easily, quickly and completely digitally. Founded in 1927, IBL Banca is a private and independent financial institutions in Italy.
The bank, headquartered in Rome, is leader in Italy in the salary-loan assignment segment and operates a large network of more than 160 branches and intermediary offices throughout Italy. Since more than 10 years IBL Banca specialized also in accounts and retail deposits, always resulting among the banks offering the most convenient conditions in the Italian market.
In addition to salary-loans and accounts, IBL Banca Group also offers third parties financial products and services (i.e.insurance policies). Through its cooperation with Raisin, IBL Banca is entering the German retail deposit market for the first time.
This makes it the 19th bank from Italy to collect deposits from German consumers via Raisin’s interest rate marketplaces.
Elisa Fischer, Head of Bank Onboarding, Raisin
Elisa Fischer, Head of Bank Onboarding at Raisin, comments: “Funding diversification remains a key strategic objective for European banks. In IBL Banca we have found a large and renowned Italian partner whose products make our offer for savers even more diverse.”
About Raisin
Raisin is a pioneer of Open Banking for savings and investment products. The FinTech company provides an open banking infrastructure for the $50+ trillion global deposit market, benefiting banks and savers alike. Savers get a wider choice of attractive products with the ability to move their money freely, while financial service providers get best-in-class marketplace solutions for their own customers, and banks get better access to deposit funding. Raisin operates its own B2C marketplaces – in Europe under the brands Raisin, WeltSparen, Savedo and ZINSPILOT and in the USA under the SaveBetter brand. In Germany, in addition to savings products the company offers ETF-based investment and retirement products as well as Private Equity investments. Raisin works with over 400 banks and financial service providers from more than 30 countries and has over 750,000 direct customers. Raisin is backed by renowned international investors such as btov Ventures, Deutsche Bank, FinLab, Goldman Sachs, Greycroft, Headline/e.ventures, Index Ventures, Kinnevik, Orange Ventures, PayPal Ventures, Thrive Capital, Top Tier Capital Partners, Ribbit Capital and Vitruvian Partners, as well as Peter Thiel. The company has offices in Berlin, Frankfurt, Hamburg, London, Madrid, Milan, Manchester, New York and Paris.
Press Contact
Raisin
Paul Wolter
Communications
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press@raisin.com
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