Scalable Capital and the Berlin fintech startup Raisin will cooperate with each other in the future. Selected customers can invest in call and fixed-term deposits with various European banks through Raisin and choose from more than 20 savings products. Access to the new offering is available via the Scalable Capital website and apps.
With this collaboration, Scalable Capital aims to complement its existing offering for systematic wealth accumulation through ETF portfolios. However, only customers with a Baader Bank account can use the solution. In the German market, Raisin is primarily known under the Weltsparen brand.
Interest without capital market risks
Regarding the intention to complement its own offering with investment opportunities at Raisin’s partner banks, Florian Prucker, Co-founder and Managing Director of Scalable Capital:
"We are expanding our offering with products that offer attractive interest rates without capital market risks. In addition to our automatically managed ETF portfolios for long-term wealth creation, our customers can now easily park their funds in European call or fixed-term deposit accounts. We are pleased to be working with Raisin. The entrepreneurial spirit and business model are a perfect fit on both sides. The partnership is ideal for giving our customers access to call and fixed-term deposits throughout Europe."
Added value for Scalable Capital's customers
Tamaz Georgadze, CEO and co-founder of Raisin, adds:
"We stand for unlimited savings and investments and want to make the best offers available to consumers in times of low interest rates. Therefore, we are driving forward integration partnerships to complement the product offerings of our cooperation partners. Especially in terms of better risk diversification and flexibility, call and fixed-term deposits offer high added value for Scalable Capital customers – conveniently integrated into the familiar user environment without any barriers to switching."
Overnight and fixed-term deposits are suitable for funds that are needed spontaneously or in the foreseeable future and should not be subject to capital market fluctuations. Raisin offers access to overnight and fixed-term deposits in Europe via its platform. Through the integration partnership with Scalable Capital, Raisin aims to expand its B2B business with corporate partners.
