Heliad AG
FinLab AG: FinLab’s portfolio company Raisin secures €60M in Series E funding round, reinforcing its position as a pioneer in the German fintech ecosystem.

Frankfurt am Main, February 17, 2023 – FinLab AG (WKN 121806, ISIN DE0001218063, stock ticker A7A.GR) is proud to announce that its portfolio company Raisin, one of the first German fintech unicorns, has successfully secured €60 million in a series E funding round from existing and new investors. This funding round was led by prominent global financial services institutions including M&G’s Catalyst, a $6 billion purpose-led global private assets strategist, alongside existing investors such as Goldman Sachs.

Since its founding in 2012, Raisin has generated €850 million in interest for over 1 million customers globally, and currently manages a total of €38 billion Assets under Management (AuM) for customers. In the past 6 months alone, AuM grew by more than 30%, and Raisin has been profitable for half a year.

Raisin’s mission is to provide simple and convenient savings and investment products to consumers globally, and with this new investment, the company aims to give more consumers access to such products by investing in new features, even simpler processes, and broader accessibility. Additionally, Raisin plans to accelerate growth in expanding markets such as the United States, where it already manages significantly over $1 billion AuM for customers.

Dr Frank Freund, Chief Financial Officer and Co-Founder of Raisin, commented, “We are delighted to continue our growth trajectory together with our partners and to welcome our new investors in our mission to make money perform better. With the new commitment, we will be better positioned to bring value to even more consumers and partners. We are thrilled that we can thereby make a valuable contribution to the functioning and the efficiency of the financial market.”

Falk Schäfers, member of the managing bord at FinLab AG, stated; “The success of this funding round is a testament to Raisin’s innovative solutions and disruptive influence in the financial technology industry. As a pioneering unicorn in the German fintech ecosystem, Raisin has consistently demonstrated its ability to deliver exceptional value to its customers, achieving remarkable results in its savings and investment products. We at FinLab are delighted to have supported Raisin in its growth journey and are confident that this new investment will further fuel its mission of democratizing the global savings and investment market by offering simple, convenient, and accessible products to customers worldwide.”

About Raisin

Raisin is the trailblazer in the savings and investment space. Founded in 2012, the Fintech company started by opening the $95+ trillion deposits and investments market of the European Union, the United Kingdom and the United States to consumers. Today, Raisin serves more than one million customers in these three markets offering not only savings products but also a multitude of investment and pension products. This makes the Berlin-based Fintech one of the leading global savings and investments marketplaces. Savers get a wider choice of attractive products with the ability to move their money freely. In addition, financial service providers get best-in-class marketplace solutions for their customers, and banks get better access to retail funding. Raisin operates its own B2C marketplaces in Europe under the brands; Raisin, WeltSparen and ZINSPILOT and in the USA under the SaveBetter brand. In Germany the company offers ETF-based investment and retirement products as well as Private Equity and Crypto investments, in addition to savings products. Raisin works with over 400 banks and financial service providers from more than 30 countries. Raisin has €38 billion AuM and earned over 850 million for customers globally.

About M&G

M&G Investments is part of M&G plc, a savings and investment business with over $400 billion of assets under management (as at 31 December 2022). M&G plc has customers in the UK, Europe, the Americas and Asia, including individual savers and investors, life insurance policy holders and pension scheme members. For nearly nine decades M&G Investments has been helping its customers to prosper by putting investments to work, which in turn creates jobs, homes and vital infrastructure in the real economy. Its investment solutions span equities, fixed income, multi asset, cash, private debt, infrastructure and real estate. Within M&G Investments’ private and alternative assets team, which manages over $90 billion of assets (as at 31 December 2022), its purpose-led Catalyst strategy has a $6 billion global mandate to invest in privately owned businesses where capital is needed to drive innovation and impact. For more information, please visit: https://global.mandg.com/

About FinLab AG

FinLab AG, a publicly listed investment company (WKN 121806 / ISIN DE0001218063 / Tickersymbol: A7A.GR), was founded in 2003 to establish a leading fintech incubator in Europe. Until 2020, FinLab AG successfully invested in some of the most innovative and disruptive German fintech companies. Today, FinLab AG not only manages its portfolio of direct investments but also operates on a multi-asset management approach with GP participations at Heliad Equity Partners and wholly owned subsidiaries such as Patriarch Multi-Manager.

Press:
FinLab AG
investor-relations@finlab.de
www.finlab.de
Phone: +49 (0) 69 719 12 80 – 147