Fintech’s German investments division grew 35% since start of 2021
Leading wealth management fintech Raisin now also has over one billion euros in investment assets under management. Though known primarily for its pan-European savings platforms, Raisin also offers its German customers a range of ETF investment products. The investment business has grown by more than a third in 2021. At the same time, the Raisin Invest ETF Robo Advisor defended its position as the most cost-effective, and long-term the highest-yielding, robo offering on the German market. The fintech’s deposits marketplace has also now placed 35 billion euros for 350,000 customers at over 100 partner banks across the continent.
Growth curve: 35% increase in volume just in 2021
Customers in Germany can access the fintech’s savings, investment, and pension product lines on a single platform with one registration, and manage their various investments entirely digitally. According to the German Federal Statistics Office the savings rate in the first quarter of 2021 reached an historically high 23.2%. At the same time, due to falling interest rates, Germans have turned increasingly to market-linked investments. Since the start of this year alone, the amount invested through Raisin Invest and Raisin Pension grew by 35%. Compared to other German robo advisors Raisin’s ETF Robo Advisor is the long term performance leader. with a total 22% capital growth since launch.*
Platform advantage: Steady product expansion for holistic investment options
The Raisin Invest ETF Robo Advisor – first launched in 2018 as “WeltInvest” with Vanguard – offers globally diversified ETF portfolios with variable equity allocation. In 2019 following Raisin’s acquisition of German pensions fintech fairr, the platform integrated its ETF-linked state-subsidized retirement products and rebranded them Raisin Pension. This year in April, the Raisin Invest ETF Configurator went live as the first “hybrid robo” on the German market. The Configurator offers investors an array of choices, from composing their own individual ETF portfolios to pre-selected funds and entirely automated management. At the same time, the platform added sustainable ETFs based on the U.N.’s ESG criteria, continuing the steady expansion of its product range.
Raisin Chief Investment Officer Kim Felix Fomm explains: “The success numbers of Raisin’s investment business prove that the company has more to offer beyond competitive deposits. In the future, we plan to expand Raisin’s role as a leading digital platform for wealth management further and the investment business plays an important role in this. The excellent performance of our Robo Advisor confirms that our simple, passive approach works – with high cost efficiency. More and more people, including an increasing number of women and younger people, are using our investment products for long-term wealth accumulation, financial security, and retirement planning. And investing in ETFs is not a question of age: our customers range in age from 18 to 96.”
Kim Felix Fomm (c) Lukas Schramm
* Results of real money investment, per 30.04.2021, comparing 26 robo advisors, using a 3-year investment and a portfolio with 50% stock equity, by comparison site Brokervergleich.de’s tests between April 2018 and April 2021. https://www.brokervergleich.de/robo-advisor/echtgeld-test/#echtgeldtest-t2
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 35 billion EUR in deposits for 350,000 customers in 28+ European countries and 104 partner banks. Raisin was named to Europe’s top 5 fintechs by the FinTech50 awards and is backed by 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, Raisin Pension, and Raisin Technology and Raisin U.S. all belong to Raisin.
Head of Communications