Finect partners with Raisin on deposit products

On the 09/15/20 at 7:44AM


Adrien Paredes-Vanheule

Spanish fintech Finect has partnered with German peer Raisin focused on deposit products. Raisin's offering, which consists of more than 60 deposit products from 13 European banking partners, will be integrated to the Finect platform. The Spanish fintech clients will be able to choose interest rates (up to 1.41% per annum) and geographical location. According to Finect's CEO Antonio Botas, Spanish famillies have accumulated over €900bn in banking deposits and in several cases, without earning any interest.

Earlier this year, Finect had launched an online 1,000+ fund supermarket dedicated to retail clients and born of the association of MyInvestor, EBN Banco, Fundslink, Fundsfy and Indexa Capital.