Savings marketplace Raisin has revealed that it's acquiring retirement savings fintech fairr.
Raisin’s customers will be given access to specialised pension products, in addition to fixed-term and overnight accounts and ETF (exchange traded fund) portfolios in the German market.
fairr’s three founders — as well as the entire fairr team — will also be taking on roles at Raisin’s investments and pension products division.
“For consumers, retirement savings are still a very opaque, dusty, cost-intensive business,” said Jens Jennissen, co-founder of fairr.
“With Raisin’s access to the market we will be able to expand our reach significantly and continue to revamp the retirement savings market.”
Tamaz Georgadze, co-founder and CEO at Raisin (pictured above), added: “Through the takeover we will be able to expand our product offering specifically around the important aspects of retirement saving.”
“Together we want to grow and bring new momentum to the sector.”
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