Raisin Bank

What Raisin Bank does

Raisin Bank AG is a Frankfurt-headquartered, BaFin-supervised German credit institution operating a Banking-as-a-Service (BaaS) platform on an API-first, cloud-native, modular core banking system. The bank is a wholly-owned subsidiary of Raisin SE since April 2019 and was rebranded from MHB-Bank AG (founded 1973) to Raisin Bank AG in August 2019. Its product surface spans Transaction-as-a-Service with SEPA connectivity, Investment-as-a-Service (digital wealth management with model portfolios and automated rebalancing, custody services, and API-driven principal brokerage), and Cash Solutions (ATM operations, dynamic currency conversion, cash recirculation, and CIT-partner-managed automated cash solutions). Geographically, the bank serves partners across the EU with cash/ATM operations in Germany, Austria, Italy, Portugal, and the Netherlands, and supports the parent Raisin platform's retail deposit franchise across 30+ countries, including a November 2025 launch of a fixed-term retail deposit product in Ireland.

The business model is B2B infrastructure-as-a-service: fintech partners and digital platforms embed Raisin Bank's regulated accounts, payments, KYC, custody, and brokerage capabilities under their own brand, while the bank captures managed-service fees, transaction fees, interchange, and value-added-service fees. The bank explicitly positions itself as a "non-competing service bank" so that partners retain end-customer ownership, and derives additional revenue from ATM operations, card-scheme memberships, and DCC across European markets. Pricing is not publicly disclosed for BaaS contracts; a sample retail product (Irish Starter Account) offers 3.10% AER for three months on balances up to €100,000, reflecting the deposit-gathering role it plays for the parent platform. Distribution is API integration and partnership outreach rather than direct sales; the customer mix is anchored by parent Raisin SE, with additional external BaaS partners and financial institutions using its cash and payment rails.

Revenue is not publicly disclosed. Triangulating from 101–250 employees, a multi-country BaaS stack, €70 billion+ in facilitated deposits via the parent platform, and ATM operations across five European markets, the implied revenue band is in the $50M–$100M range, with material concentration in the related-party Raisin SE relationship.

Name

Raisin Bank

Legal name

Raisin Bank AG

Website

https://raisin.bank

Company type

Private

Founded year

1973

Operating status

Operating

Headcount range

101–250 employees

Short description

Raisin Bank AG is a BaFin-supervised German credit institution that provides Banking-as-a-Service infrastructure — including accounts, payments, custody, brokerage, and ATM/cash solutions — to fintech partners and its parent Raisin SE across Europe.

Ownership category

akta.pro rank

Product category

Banking-as-a-Service

NAICS

Depository Credit Intermediation (5221), Savings Institutions and Other Depository Credit Intermediation (52218), Savings Institutions and Other Depository Credit Intermediation (522180)

SIC

State Commercial Banks (6022), Functions Related To Depository Banking, Nec (6099), Commercial Banks, Nec (6029)

akta.pro primary industry

BaaS Platforms & Sponsor Bank Enablement (FSAGALAA)

akta.pro secondary industries

Banking-as-a-Service (BaaS) Neobanks / Neobank Enablers (FSABAFAL), Core Banking & Ledger Systems (Cloud Core, Deposits, Accounts) (FSAGAAAC), Liquidity & Cash Concentration (Sweeping, pooling, notional pooling) (FSABAIAC)

Keywords

• Banking as a service
• Deposit platform
• Savings infrastructure
• Cash management solutions
• Open banking api

Headquarters

HQ city

Frankfurt

HQ country

Germany

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Others

Revenue model

1. Banking-as-a-Service Fees: Revenue generated from providing banking infrastructure, regulatory licensing, and backend operations to fintech partners and digital platforms.
2. Transaction Processing: Fees from processing SEPA payments, transactions, and banking operations for partners.
3. Investment Services: Revenue from investment-as-a-service offerings including digital wealth management, custody services, and principal brokerage.
4. ATM and Cash Solutions: Revenue from ATM operations, value-added services, and cash processing across European countries.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Raisin Bank operates as a Banking-as-a-Service (BaaS) provider and Cash Solutions company. It offers a regulated German banking platform with API-first, cloud-based, modular architecture enabling partner banks and financial institutions to embed deposit, savings, and cash management products, alongside direct deposit offerings for retail savers.

Product overview

Raisin Bank operates as a Banking-as-a-Service provider and credit institution with two main product lines: Banking-as-a-Service and Cash Solutions. The Banking-as-a-Service platform includes Transaction-as-a-Service, Investment-as-a-Service (encompassing Digital Wealth Management, Custody Services, and Principal Brokerage modules), and core banking infrastructure. Cash Solutions covers Automated Cash Solutions, ATM operations, and Customized Payment Processing. The bank supports fintech partners with a modular architecture, API-first approach, and cloud-based infrastructure, enabling them to offer financial services while Raisin Bank handles backend operations, compliance, and regulatory requirements.

Differentiator

Problem solved

Functional benefit

Products and services

• Banking-as-a-Service Platform

Quantifiable outcome

• Around 1 million customers from 30+ countries have invested more than €70 billion in deposits via the Raisin platform
• +1 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Bankhaus August Lenz & Co. AGcoreStrategic or Co-development Partner · 1 June 2022Raisin Bank AG acquired the Payment Services division from Bankhaus August Lenz & Co. AG in June 2022. This acquisition marked an important strategic step, expanding Raisin Bank's product offering to cover cash solutions and positioning the bank as a high-performance full-service provider.
• Raisin (Parent Company)coreOthersSince April 2019, Raisin Bank AG has been a wholly-owned subsidiary of Raisin SE. The bank operates as the banking infrastructure provider for Raisin, which serves as a central platform for savings and investment needs. Raisin Bank handles all KYC processes, account management, and international payment transactions for Raisin's approximately 1 million customers across 30+ countries.
• CIT-partners (Cash-in-Transit Partners)minorChannel Partner/ Reseller/ DistributorRaisin Bank cooperates with CIT-partners (Cash-in-Transit) to offer automated cash solutions across several European countries. These partnerships enable a broad network of automated cash solutions providing secure and cost-effective cash disposal solutions.

Scale indicators5 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• ClearBank: UK clearing bank offering real-time payment rails, embedded accounts, and BaaS infrastructure via APIs to fintechs and corporates. Peers with Raisin Bank in providing regulated accounts and transaction processing as infrastructure to non-bank digital platforms.
• Solaris SE: Berlin-based Banking-as-a-Service platform offering accounts, payments, lending, KYC, and investment infrastructure under a full German banking license. Closely comparable to Raisin Bank in geography, license type, and modular API-first BaaS model targeting European fintechs and digital platforms.
• Euronet Worldwide: Global ATM operator and payment processor with significant European ATM and cash management networks across Germany, Austria, Italy, and other markets. Competes with Raisin Bank's Cash Solutions business in ATM operations, dynamic currency conversion, and value-added services.
• Modulr: UK-based Payments-as-a-Service and embedded accounts provider delivering regulated account-to-account payments, virtual accounts, and payouts through APIs. Comparable B2B BaaS/PSP value proposition to Raisin Bank's Transaction-as-a-Service and modular partner model in Europe.
• Griffin: UK-based Banking-as-a-Service platform providing regulated digital infrastructure including accounts, payments, and KYB through developer-first APIs. Comparable in API-first, embedded-banking positioning targeting fintech partners across Europe.
• Treezor: French licensed payment institution (owned by Société Générale) providing BaaS infrastructure including accounts, KYC, SEPA payments, and card issuance across Europe. Directly competes with Raisin Bank for embedded-banking partnerships targeting EU fintechs and corporates.
• Zira: European BaaS platform enabling fintechs and SMEs to access banking infrastructure including accounts, payments, and lending through APIs. Direct niche overlap with Raisin Bank's modular BaaS offering for European partners across regulated and digital use cases.

Broad incumbents

• bunq: Dutch licensed neobank providing consumer/SME banking plus Banking-as-a-Service offerings to third parties across Europe. Functions as both a competitor and embedded-banking enabler in the same European market footprint as Raisin Bank.
• Starling Bank: UK digital challenger bank offering Banking-as-a-Service alongside its consumer and business banking products. Broader incumbent than Raisin Bank with retail banking focus, but directly competing for embedded-banking partnerships in Europe.

Emerging players

• Weavr: Embedded finance platform providing banking, payments, and lending integration via APIs to SaaS and enterprise platforms. An emerging player with partial overlap to Raisin Bank's BaaS mission, focused on the SaaS vertical in Europe.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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 Raisin Bank