Raisin, Europe’s top financial marketplace that enables savers to access the best deposit rates across Europe, has closed another round of financing. Raisin’s most recent fundraise closed in mid- December is a strategic investment from digital payments platform PayPal (NASDAQ: PYPL), and the investment is intended to accelerate the growth of Raisin in its core European geographies. The company previously has raised a total of EUR 60 million, with investments from Thrive Capital, Ribbit Capital and Index Ventures. 

“Raisin and PayPal share a vision of democratizing access to financial services,” said Stephen Taylor, VP Consumer Product EMEA. “Raisin is a pioneering in open cross border banking deposit and they are clearly providing a unique value proposition in the European market.”

“More than 100 thousand customers in Europe already use Raisin’s services. We want to further develop our services and make them easily accessible to all Europeans. We are thrilled to work with PayPal in making both the products more relevant and more accessible to hundreds of millions of Europeans who can get more out of their savings and investments,” says Tamaz Georgadze, CEO of Raisin.