Raisin Makes First Acquisition with Deal for MHB Bank

Investment marketplace Raisin has made a deal for German based MHB Bank, who they have long partnered with and now have plans to expand their offerings; the deal is subject to approval by German regulator BaFin; “We believe in making sustainable changes to the financial system in order to make the needs of customers and partners paramount,” said Raisin CEO and cofounder Dr. Tamaz Georgadze to AltFi.“Together with MHB, we can continue to develop — and seamlessly integrate — the services we offer customers, partner banks and distribution partners.”; terms of the deal were not disclosed but Raisin will acquire a banking license as part of the transaction. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.