Peac Finance enters German deposit current market with Raisin

Fintech Raisin has signed on to aid the new PEAC Bank in its entry into the deposit business enterprise. 
The Hamburg-centered PEAC (Pan-European Asset Business) Finance Group was granted a banking license by the German Federal Fiscal Supervisory Authority in December of 2020. The firm now features deposits for non-public prospects less than the PEAC Financial institution model, advertising its personal savings products exclusively by way of Raisin’s German deposits marketplace WeltSparen. Buyers can open up the curiosity-bearing accounts, with phrases from a few months to 5 years, by way of an solely electronic course of action on the WeltSparen system.
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Raisin CEO and co-founder Dr. Tamaz Georgadze defined: “We have designed Raisin to be the very first port of connect with, as a pan-European platform, for economical establishments like PEAC Finance. In in close proximity to record time we have been in a position to put into