Scalable Capital, Continental Europe’s market leader for digital wealth management, has collaborated with Raisin, Europe’s leading platform for cross-border savings, to offer a new service. Scalable Capital’s customers with a portfolio account at Baader Bank can invest in fixed-term deposits with select European banks as part of a white label solution by Raisin that offers a choice of more than 20 different savings products. The new service can be accessed via Scalable Capital’s website and apps. This complements Scalable Capital’s existing wealth management service with Raisin’s partner banks, whose products in some cases significantly exceed the current average interest rate level. For German consumers, Raisin is best known under the brand WeltSparen.
“We are complementing our product range with products that offer an attractive return without capital market risks. In addition to our automatically managed ETF portfolios for long-term wealth accumulation, our clients can now easily deposit their funds in European fixed-term accounts,” says Florian Prucker, co-founder and co-CEO of Scalable Capital. “We are happy to be working with Raisin. The founding spirit and business model fit together perfectly on both sides. The partnership is ideal for giving our clients access to fixed-term deposits throughout Europe.”
Dr. Tamaz Georgadze, CEO and co-founder of Raisin, adds: “We stand for saving and investing without barriers and want to make the best offers available to consumers, particularly in the current low interest rate environment. This is why we are pursuing integration partnerships, enabling our partners to expand the range of products they offer. Especially considering better risk diversification and flexibility, fixed-term deposits offer Scalable Capital’s customers a high added value – convenient and easy to access, with a smooth, comfortable user experience.”
Customers can benefit from higher interest rate levels
Raisin expands its network of B2B partnerships
On its savings marketplace Raisin offers access to fixed-term deposits throughout Europe. This integration partnership with Scalable Capital represents an expansion of Raisin’s B2B business with corporate partners. Since launch the Fintech has brokered 16 billion Euros from savers to over 80 partner banks across Europe. The Berlin-based company has so far earned an interest income of more than 115 million Euros for investors from over 30 countries.
Easy investment process via Scalable Capital’s website or apps
Access to Raisin’s offering is fully integrated into Scalable Capital’s website and iOS/Android apps. Customers can open the fixed-term deposit accounts free of charge and without paperwork, using their existing Scalable Capital login. The new service starts with a minimum of 500 Euro. However, with some banks the minimum deposit amount may be higher. Interest is automatically credited to the accounts.