Penta launches new range of corporate term and overnight deposits in cooperation with Raisin 


  • Penta clients now have alternatives to German average corporate interest rate of -0.34%
  • Fintech-to-fintech partnership pushes cooperation trend into business banking sector

Penta, the digital platform for business banking in Germany, has introduced overnight and term deposits through a new partnership with savings marketplace Raisin. Penta’s business customers can now access higher interest rates by investing in Raisin deposit products through their Penta accounts. In corporate banking, Germany is in last place with the lowest interest rates in Europe. The European Central Bank’s latest data showed that business assets incur negative interest in Germany at an average of -0.34% p.a. With deposits from the Raisin marketplace, Penta clients can avoid the negative rates, investing surplus liquidity within Germany as well as in other European markets. More than 22,000 small and medium-sized enterprises, freelancers, and self-employed people currently have Penta business accounts and stand to benefit from the new range of deposit products.

Through Penta’s integration of Raisin, its clients can open and centrally manage any number of deposits with just one login. The terms of the new products range from daily availability to an investment horizon up to six years, with interest rates of up to 2.5% p.a. The minimum deposit amount is 5,000 euro, with the deposits protected up to 100,000 euro per depositor and bank by European legal deposit insurance. With German banks, deposits are additionally protected by the Federal Association of German Banks.

Jessica Holzbach, co-founder and Chief Customer Officer of Penta explained: “Through the cooperation with Raisin, we are one of the few digital financial service providers for business that can offer its customers a very good alternative to high costs caused by negative interest rates, such as those that arise after financing rounds of young companies. This option, which has long been available to private customers, is now also accessible to business customers at Penta. It’s quick, easy and digital – just as they are used to from Penta.”

Co-founder and Chief Customer Officer of Penta Jessica Holzbach


Sophisticated liquidity management is more important than ever for companies to generate interest income. Through our cooperation, Penta creates solutions for more efficient liquidity management with very flexible options,” added Lisa Schmid, Head of Business Clients at Raisin.

Raisin Head of Business Clients Lisa Schmid


Header image: Mike Petrucci via Unsplash


About Penta

Penta is the German digital platform for business banking for small and medium sized companies, as well as the self-employed and freelancers. Companies can digitally apply for a business account and receive a German IBAN, debit cards, digital expense management and other financial solutions, all within minutes. The company is headquartered in Berlin, with another office in Belgrade. The management consists of Jessica Holzbach, Lukas Zörner, Henrik Jondell and Igor Kuschnir.

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 27 billion EUR for more than 290,000 customers in 28+ European countries and 97 partner banks. Raisin was named to Europe’s top 5 fintechs by the renowned FinTech50 awards and is backed by prestigious 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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