The two German FinTech giants Deposit Solutions and Raisin have just announced the completion of their merger. After over a year of preparation, the two companies are forming Raisin DS, a pioneer in the savings and investment market, servicing banks and consumers on both sides of the Atlantic.

Founded in 2011, Deposit Solutions is the leading B2B Open Banking platform in the savings deposit space. The Hamburg-based company operates deposit marketplaces for over 150 partners, including large institutions such as Deutsche Bank, and connects them with deposit-taking banks from all across Europe. Raisin, which was founded in 2012, today is the leading pan-European B2C platform for savings and investments. Raisin’s marketplaces offer consumers simple access to competitive deposit products from all across Europe. In Germany, the FinTech company also offers globally diversified, cost-effective ETF portfolios and ETF-based pension products.

As Raisin DS, both companies will now be able to unite the best-in-class B2B offering and Europe’s leading B2C savings marketplaces under one roof. By joining forces, Deposit Solutions and Raisin are creating additional benefits for all market participants. For savers, the merger means more product choice and decision power, incumbent banks will benefit from more implementation options and product access for their own marketplaces, and deposit-taking banks will receive better access to deposit funding.

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