“Can a savings marketplace that acquired its own banking licence become the dominant European BaaS fronting bank and deposit aggregation platform for both retail savers and fintech partners?”
Raisin launched in 2012 as a cross-border savings marketplace, enabling European retail depositors to access higher-yield deposits at partner banks via a single platform. After acquiring its own banking licence through MHB Bank in 2019 (rebranded Raisin Bank AG), the company pivoted from a pure marketplace model to also operating as a Banking-as-a-Service provider, offering licensed fronting bank services, SEPA payment infrastructure, and lending origination to fintech partners such as Wayflyer and Mondu. The US expansion positioned Raisin as a deposit aggregator leveraging a one-time KYC model across custodial and service banks.
Raisin discloses Raisin Bank AG (in-house) as its banking provider, according to the Embedded Finance Index 2026.
Raisin does not disclose a bank charter of its own; its banking services are provided through Raisin Bank AG (in-house).
Raisin moves money over SEPA.
Raisin connects to bank accounts through Salt Edge.
The Embedded Finance Index 2026 maps 4 layers in Raisin's stack: Money movement (SEPA); Banking / BaaS (Raisin Bank AG (in-house)); Lending (Fronting bank lending origination for revenue-based financing (Wayflyer partnership) and B2B BNPL facilitation (Mondu partnership)); Open banking (Salt Edge).
Raisin is founded in 2012 and headquartered in Berlin, Germany.
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