A German financial-tech firm that counts PayPal Holdings among its investors wants to expand its internet platform for bank-savings products to the United States.
Raisin, which calls itself the “first and only pan-European deposit marketplace,” has hired Wealthfront’s Paul Knodel to create its U.S. business. If all goes to plan, the operation will go live within 12 months.
Raisin was founded by CEO Tamaz Georgadze, Frank Freund and Michael Stephan in 2012 and has raised almost $200 million in funding.
