Deposit Solutions

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.

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

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

• Open banking deposits
• Savings marketplace
• Retail deposit platform
• Certificates of deposit
• Cross-border savings

Headquarters

HQ city

Hamburg

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. 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.
2. 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

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core 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

Named customers12 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Twelve partnerships are on record, tiered core.

• Patriot Bank N.A.coreChannel Partner/ Reseller/ DistributorFDIC-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 BankcoreChannel Partner/ Reseller/ DistributorFDIC-member bank offering high-yield CD products on the Raisin platform.
• Merrick BankcoreChannel Partner/ Reseller/ DistributorFDIC-member bank offering CD products on the platform.
• EverBankcoreChannel Partner/ Reseller/ DistributorFDIC-member bank offering CD products on the platform.
• Live Oak BankcoreChannel Partner/ Reseller/ DistributorFDIC-member bank offering high-yield savings accounts on the platform.
• Western Alliance BankcoreChannel Partner/ Reseller/ DistributorFDIC-member bank partner on the Raisin platform.
• Sallie MaecoreChannel Partner/ Reseller/ DistributorPartner bank on the Raisin platform.
• VyStar Credit UnioncoreChannel Partner/ Reseller/ DistributorNCUA-insured credit union partner offering products on the platform.
• Technology Credit UnioncoreChannel Partner/ Reseller/ DistributorNCUA-insured credit union partner on the platform.
• First International Bank & Trust (FIBT)coreTechnology or IntegrationService Bank - Member FDIC authorized to move funds among various banks and credit unions at customer request through the Raisin platform infrastructure.
• Bell BankcoreTechnology or IntegrationCustodial Bank - Member FDIC holding customer funds in custodial deposit accounts to effectuate deposits to and withdrawals from various bank and credit union products.
• Starion BankcoreTechnology or IntegrationCustodial 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

Direct 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

• Xx.com/DepositPioneers

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds6 records

Investors8 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Deposit Solutions