Raisin Market Research Report

Company Overview

• Name: Raisin

• Mission: To give people more ways to save with fewer hassles and access to competitive interest rates on savings products from multiple banks and credit unions, without needing to open or manage multiple accounts.

• Founded: 2012

• Key People:

• Cetin Duransoy, Chief Executive Officer

• Shana Hennigan, Chief Business Officer

• Tanveer Alam, Chief Operating Officer

• Headquarters: Headquartered in Germany

• Number of Employees: No information is available

• Revenue: No information is available

• Known For: Raisin is known for being a leading savings marketplace that connects savers with competitive savings products offered by a network of 400+ partner financial institutions across 30+ markets globally.

Products

Raisin offers a suite of financial savings products through its platform provided in partnership with various federally regulated banks and credit unions:

1. Savings Accounts: High-yield accounts offering APYs significantly higher than the national average.

• Key Features: Competitive rates, high liquidity, no withdrawal limits.

2. Money Market Accounts: Accounts with interest rates typically higher than standard savings accounts.

• Key Features: High interest rates with the benefits of traditional savings accounts.

3. CD Accounts: Certificates of Deposit with fixed terms and rates for secure returns.

• Key Features: Fixed interest rates, clear terms, suitable for laddering or planning.

4. No-Penalty CDs: Similar to CDs but allow penalty-free early withdrawals.

• Key Features: Flexibility to withdraw without fees, fixed interest rate.

Recent Developments

• New Products: No information is available regarding new specific products recently launched.

• New Features and Partnerships:

• Raisin invests in cybersecurity measures, including SOC 2 certification, multi-factor authentication, and relationship with federally regulated institutions.

• Partnerships with a network of banks and credit unions, allowing for extensive product offerings to clients nationwide.

Security and Partnerships

• Raisin emphasizes the security of its platform by implementing state-of-the-art cybersecurity measures including:

• Multi-factor Authentication

• Data Encryption

• SOC 2 Certification by AICPA for securing customer data.

• Partnerships with:

• Banks and Credit Unions: Raisin partners with over 70+ banks and credit unions in the US to offer deposit products.

• Distribution Partners: Enables the offering of third-party bank deposits directly to customers through client platforms.

Notable Achievements

• Raisin is recognized for assisting savers globally and has over $50 billion in platform deposits.

• The company connects savers with over 1 million customers worldwide.

Press Recognition

• Articles from The Motley Fool, CBS News, Yahoo! Finance highlight Raisin’s competitive interest rates and role in inflation relief through CDs.

Contact Information

• Email: support.us@raisin.com

• Phone: 844-994-EARN (3276) Monday to Friday from 8:00 a.m. - 8:00 p.m. ET

• Mailing Address: Raisin, 1411 Broadway, 17th Floor, New York, NY 10018

Note: The above report strictly includes information available from the provided data, with "No information is available" applied where data points are absent.