The two Fintech companies launch a cross-border partnership today: Younited Credit markets its savings products to German and Austrian residents via Raisin.
Berlin/Paris, June 10, 2016 – Raisin, the pan-European online savings platform, and Younited Credit (formerly Prêt d’Union), the leading P2P lending platform to individuals in France, announce today the start of their international collaboration. Weltsparen, the name of the Raisin platform in German-speaking markets, will now offer Younited Credit term deposits accounts to individuals residing in Germany and Austria.
“This cooperation with Younited Credit offers the possibility to our customers to invest in a country with an AA rating. We are also proud to announce our first cooperation with one of the few companies in the European Fintech space holding a banking license,” says Dr. Tamaz Georgadze, CEO and co-founder of Raisin. “Younited Credit will provide German investors the opportunity to invest in term deposits, all fully online.”
“We are pleased to announce this collaboration with Raisin which allows us to offer, through an innovative platform, our investment solutions to new investors, “said Charles Egly, CEO and co-founder of Younited Credit. “This is another milestone in the internationalization of our model, and we are proud to partner with Raisin, a Fintech whose success and ambition are a model in Europe.”
About Younited Credit
Founded in 2009 in Paris, Younited Credit is the only Internet platform personal lending in Europe holding its own banking license; it simplifies the financing of households. Younited Credit allows professional investors (individuals but also legal entities: companies, insurers, foundations, pension funds, etc.) to directly finance consumer loans. Opened to the public in France in December 2011 and in Italy in March 2016, the company employs – at May 31, 2016 – a staff of 120 and has financed 340 million euros in loans.
Younited Credit is authorized in France as a Credit Institution and Investment Services provider by the Prudential Supervision and Resolution Authority (ACPR) and the Autorité des Marchés Financiers (AMF) (Approval number 16488).
Founded in 2012 in Berlin, Raisin is a pan-European online savings marketplace; it is a leading platform for investments throughout Europe in the segment of simple savings products (term deposits, overnight accounts). Raisin gives customers the possibility to open deposits at attractive interest rates across Europe free of charge. In little more than two years of activity, Raisin has recruited over 45,000 clients who have invested over 1 billion euros to its partner banks. In addition to Germany, its home market, Raisin is also available in 30 European countries via raisin.com its English platform and in France via raisin.fr its French platform. The company has over 60 employees of 17 different nationalities.
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