Raisin partners with subsidiary of Brazil’s largest privately-owned bank

Itaú BBA Europe offers competitive retail term deposits in Germany exclusively via WeltSparen

Berlin-based Fintech Raisin has secured Itaú BBA Europe as a new partner bank. Through Raisin’s German platform WeltSparen, the bank now offers short-term deposits at competitive interest rates.

Itaú BBA Europe, S.A. (“Itaú BBA Europe”), based in Portugal, is the subsidiary of Brazil’s largest privately-owned bank, Itaú Unibanco Holding S.A., with around 70 million clients and total assets of 338 bn USD as of December 2021. Itaú BBA Europe is active in corporate and investment banking and is currently expanding its European business. To support this growth, Itaú BBA Europe, operating through its branch in Luxembourg, is entering the retail deposit market in Germany exclusively through Raisin.

All sides benefit from the partnership: Raisin expands its German platform with attractive interest rate offers from Itaú BBA Europe, while the partner bank gains efficient access to retail refinancing sources. Consumers can easily and fully digitally conclude term deposits via WeltSparen in the shortest possible time – and mitigate the loss in value of their savings in times of high inflation with the attractive interest rates.

Elisa Fischer, Head of Bank Onboarding, Raisin

Elisa Fischer, Head of Bank Onboarding at Raisin, comments: “Itaú BBA Europe is an interesting partner for us as part of a group with many years of expertise in the global financial market. I am pleased that the bank exclusively provides one of the best interest-bearing term deposits in the German market through WeltSparen – thanks to the short terms of six or twelve months, consumers can make the most of their savings in the current difficult economic months.”


Eduardo Martins, Head of Treasury and Board Member, Itaú BBA Europe adds: “The German savings market is very important for diversifying the funding of Itaú BBA Europe. The seamless onboarding and approved open banking structures provided by Raisin make it possible for us to collect retail deposits promptly and efficiently via the well-known interest platform WeltSparen – and we can offer consumers attractive fixed-term deposit offers as a result.”

Deposits with Itaú BBA Europe can start with just 100 euros. The savings products concluded via WeltSparen are subject to the harmonized European Portuguese deposit guarantee and eligible deposits are protected for up to 100,000 euros per customer and bank. Deposits are offered by the Itaú BBA Europe Luxembourg Branch and no withholding tax is levied in Luxembourg on the interest income.

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

David Wall & Paul Wolter
+49 151 70 11 1989



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