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German savings platform Raisin just hit a €1.7 billion investment milestone

Over 50,000 people across Europe have invested more than €1.7 billion through German savings startup Raisin's platform, the fintech announced today

The figure is up from €1 billion announced in April. The growth has come from new customers and existing customers putting more money through the platform, said head of Europe Katharina Lueth.

Berlin-based Raisin, founded in 2013, lets customers across Europe invest in savings accounts around the EU that offer the best interest rates.

In addition to the €1.7 million milestone, Raisin also announced today that they added the Portuguese arm Haitong Bank as its 20th partner bank. Haitong Bank, a subsidiary of Haitong Securities, which was founded in 1988 in China, has had a particular focus on the Chinese market but has a sizeable presence in several European markets.

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Business Insider