Deposit Solutions
Raisin (formerly Deposit Solutions) operates an open banking deposit marketplace connecting 1M+ retail savers with 100+ partner banks and credit unions across the US and Europe, offering high-yield savings, money market, and CD products through a single secure login with pass-through FDIC/NCUA insurance.
- Company typePrivate
- Founded2011
- HeadquartersHamburg, Germany
- Headcount101–250
- GTM typeB2B and B2C
- OfferingSoftware
What Deposit Solutions does
Deposit Solutions, now operating as Raisin SE, is a German open banking marketplace for deposits founded in 2011 and headquartered in Berlin. The company operates a two-sided platform that connects retail savers with a network of 100+ FDIC-member banks and NCUA-insured credit unions in the United States and equivalent insured institutions across ten European countries. Through a single secure login, consumers can open high-yield savings accounts, money market deposit accounts, and a range of certificates of deposit (fixed-term, no-penalty, and callable) with partner institutions, aggregating products that no single bank offers in isolation. The platform's core technical proposition is its pass-through deposit insurance architecture: by distributing customer deposits across multiple partner institutions, it enables access to FDIC/NCUA coverage exceeding the standard $250K per-institution limit, marketed as $10M+ in available coverage. Underlying this is a SOC-2 Type 2 certified open banking API infrastructure that integrates with partner banks for real-time product, rate, and account servicing.
The business model is B2B2C. Consumers use the platform free of charge with no account fees, maintenance fees, or minimum balance requirements beyond a $1 minimum deposit to open an account. Revenue is generated from partner banks and credit unions, which pay Raisin for technology infrastructure, customer acquisition, and platform support services. This take-rate model aligns Raisin's monetization with deposit volume placed through the platform rather than consumer fees. Marketing and customer acquisition are primarily digital and product-led: SEO, content marketing, and referral programs drive top-of-funnel demand, while self-serve web and mobile onboarding converts users without sales interaction.
Raisin has scaled through roughly $200 million of equity capital raised across multiple rounds from 2012 through 2019, including a $100M Series D in 2018 led by Vitruvian Partners and a 2019 strategic investment from Deutsche Bank. The company acquired the European competitor Savedo in 2017, expanded its footprint from its German base into 11 additional European markets and the United States, and has built an integrated network that includes custodial banks (e.g., Bell Bank, Starion Bank) and service banks (e.g., FIBT) to effectuate the movement and safekeeping of customer funds across partner institutions. As of the most recent data, the platform serves over one million customers.
Deposit Solutions firmographics
Firmographics- Name
- Deposit Solutions
- Legal name
- Raisin SE
- Website
- https://deposit-solutions.com
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Raisin (formerly Deposit Solutions) operates an open banking deposit marketplace connecting 1M+ retail savers with 100+ partner banks and credit unions across the US and Europe, offering high-yield savings, money market, and CD products through a single secure login with pass-through FDIC/NCUA insurance.
- Ownership category
- akta.pro rank
Deposit Solutions industry classification
Industry- Product category
- Open Banking Deposit Marketplace
- NAICS
- Finance and Insurance (52), Depository Credit Intermediation (5221)
- SIC
- Functions Related To Depository Banking, Nec (6099), Finance Services (6199)
- akta.pro primary industry
- Embedded Deposit Accounts & Digital Wallet Infrastructure (FSAGALAE)
- akta.pro secondary industries
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), Bank-to-Bank Transfers & Pay-by-Bank (Consumer & Merchant) (FSAMAFAC)
Keywords
Where Deposit Solutions is headquartered
LocationHeadquarters
- HQ city
- Hamburg
- HQ country
- Germany
- HQ region
- Europe
Offices1 record
Markets served
Deposit Solutions business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Partner Bank Compensation: Partner banks and credit unions compensate Raisin/Deposit Solutions for the technology infrastructure, customer acquisition, and platform support services. The company does not take a cut of customer interest earnings or charge platform/maintenance fees to end users.
- Technology Services Revenue: Revenue generated from providing technology and support services to financial institutions, enabling them to reach savers they may not have been able to access independently
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Monthly | Free platform for consumers with access to 100+ banks and credit unions |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Deposit Solutions product offering
Product offeringCore offering
Deposit Solutions operates a pan-European open banking deposit marketplace, branded Raisin, that connects retail savers with banks and credit unions seeking deposit funding. Through its API-based platform, consumers access high-yield savings accounts, money market deposit accounts, fixed-term CDs, no-penalty CDs, and callable CDs from more than 150 partner banks across Europe, with a single secure login and aggregated pass-through deposit insurance coverage.
Product overview
Raisin operates as a unified financial savings platform that aggregates deposit products from a network of 100+ partner banks and credit unions. The platform offers five distinct product types: High-Yield Savings Accounts, Money Market Deposit Accounts, Fixed-Term CDs, No-Penalty CDs, and Callable CDs. Users access all products through a single Raisin login, enabling centralized management of savings across multiple FDIC-member and NCUA-insured institutions. The platform provides pass-through deposit insurance up to $10M+ through its partner network.
Differentiator
Problem solved
Functional benefit
Products and services
- Raisin Savings Platform
Quantifiable outcome
- Over $10 million in available FDIC/NCUA deposit insurance coverage through multi-partner distribution
- +3 more outcomes
Companies that use Deposit Solutions
Customer profileNamed customers12 records
Segments2 records
Ideal customer profiles2 records
Deposit Solutions technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Deposit Solutions partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core.
- Patriot Bank N.A.coreFDIC-member bank offering savings account products on the Raisin platform. Part of the network of 100+ partner institutions providing competitive savings rates to consumers.
- Medallion BankcoreFDIC-member bank offering high-yield CD products on the Raisin platform.
- Merrick BankcoreFDIC-member bank offering CD products on the platform.
- EverBankcoreFDIC-member bank offering CD products on the platform.
- Live Oak BankcoreFDIC-member bank offering high-yield savings accounts on the platform.
- Western Alliance BankcoreFDIC-member bank partner on the Raisin platform.
- Sallie MaecorePartner bank on the Raisin platform.
- VyStar Credit UnioncoreNCUA-insured credit union partner offering products on the platform.
- Technology Credit UnioncoreNCUA-insured credit union partner on the platform.
- First International Bank & Trust (FIBT)coreService Bank - Member FDIC authorized to move funds among various banks and credit unions at customer request through the Raisin platform infrastructure.
- Bell BankcoreCustodial Bank - Member FDIC holding customer funds in custodial deposit accounts to effectuate deposits to and withdrawals from various bank and credit union products.
- Starion BankcoreCustodial Bank - Member FDIC holding customer funds in custodial deposit accounts to effectuate deposits to and withdrawals from various bank and credit union products.
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
Deposit Solutions competitors and assessment
Company assessmentDirect peers
- SaveBetter: SaveBetter is a US deposit marketplace operated by Consumers Cooperative Bank that aggregates high-yield savings and CDs from multiple partner banks, directly mirroring Raisin's deposit-marketplace model in the US market.
Broad incumbents
- Marcus by Goldman Sachs: Marcus is Goldman Sachs' direct-to-consumer high-yield savings and CD platform; while not a marketplace, it competes for the same rate-seeking retail savers Raisin serves and pressures partner-bank economics.
- Wealthfront: Wealthfront offers a high-yield cash account alongside its automated investing product, competing for rate-conscious retail savers who might otherwise use Raisin; product-led growth and digital onboarding parallel Raisin's GTM motion.
- SoFi: SoFi provides high-yield savings, CDs, and a broad retail finance super-app, competing with Raisin for the same digitally-native retail saver segment and offering a direct alternative to the marketplace model.
- Betterment: Betterment's Cash Reserve product offers a high-yield cash management account alongside its investing platform, competing directly with Raisin for retail savers seeking better rates on idle cash.
- Synchrony Bank: Synchrony Bank is a major online savings and CD provider that both competes for Raisin's target customers and could participate as a partner bank on a marketplace like Raisin's.
- Discover Bank: Discover Bank offers online savings accounts and CDs directly to retail consumers and historically appears as a comparison destination for high-yield savings seekers; competes for the same rate-sensitive customer base as Raisin.
Emerging players
- Current: Current is a US digital bank offering high-yield savings and deposit products to retail consumers, competing with Raisin for digitally-native rate-conscious savers and representing the neobank cohort challenging the marketplace model.
Regional players
- Atom Bank: Atom Bank is a UK challenger bank offering competitive savings products directly to consumers, competing with Raisin's UK savings marketplace for the same UK retail saver base.
- Zopa: Zopa is a UK digital bank offering savings products alongside its lending business, providing direct competition to Raisin's UK deposit marketplace with similar customer targeting.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Deposit Solutions social profiles
Digital presenceDeposit Solutions compliance and trust
Trust signalCompliance1 record
Deposit Solutions financial estimates
Financial estimateRevenue estimate
Valuation estimate
Deposit Solutions leadership team
Management profileNumber of profiles
Profiles7 records
Deposit Solutions funding detail
Funding detailFunding overview
Funding rounds6 records
Investors8 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Deposit Solutions M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Deposit Solutions
What does Deposit Solutions do?
Deposit Solutions operates a pan-European open banking deposit marketplace, branded Raisin, that connects retail savers with banks and credit unions seeking deposit funding. Through its API-based platform, consumers access high-yield savings accounts, money market deposit accounts, fixed-term CDs, no-penalty CDs, and callable CDs from more than 150 partner banks across Europe, with a single secure login and aggregated pass-through deposit insurance coverage.
Is Deposit Solutions a public or private company?
Deposit Solutions is a private company. It is classified as private equity controlled and is currently operating.
When was Deposit Solutions founded?
Deposit Solutions was founded in 2011. It employs 101 to 250 people.
Where is Deposit Solutions based?
Deposit Solutions is headquartered in Hamburg, Germany, in the Europe region.
How does Deposit Solutions make money?
Two revenue lines are on record. Partner Bank Compensation is the primary driver. The others are technology Services Revenue.
Who are Deposit Solutions's main competitors?
SaveBetter is listed as a direct peer. Broad incumbents are Marcus by Goldman Sachs, Wealthfront, SoFi, Betterment, Synchrony Bank and Discover Bank. Current is listed as an emerging player. Regional players are Atom Bank and Zopa.
Does Deposit Solutions have an API?
No public API is recorded for Deposit Solutions.
What industry is Deposit Solutions in?
Deposit Solutions's product category is Open Banking Deposit Marketplace. Its primary akta.pro industry code is FSAGALAE, Embedded Deposit Accounts & Digital Wallet Infrastructure, with a secondary code of FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings). Its NAICS code is 52 and its SIC code is 6099.