German fintech Raisin crosses billion-euro ETF threshold
European wealth management fintech Grape crossed one billion euros in assets under management, in large part thanks to the growth of its activity in Germany.
Over the past six months, German investment has grown by 35% as investors have access to Raisin’s ETF investment products, an area that has grown by more than a third this year. The Raisin ETF Robo Advisor has invested more than 35 billion euros for 350,000 clients in more than 100 banks in the EU.
Germany’s Federal Statistical Office said savings rates hit an all-time high of 23.2% as interest rates collapsed. This combination encouraged a migration to market-linked investments which saw the amounts paid to Raisin Invest and Raisin Pension increase by 35%.
Raisin’s Invest ETF Robo Advisor offers globally diversified portfolios and variable equity allocation. After Raisin acquired another German Fintech fair in 2019, they integrated the state-subsidized pension products into the new company Raisin Pension. A few weeks ago, the Raisin Invest ETF configurator made its debut as a “hybrid robot” in Germany. It allows investors to create their own ETFs or use pre-selected funds with automated management. Sustainable ETFs based on United Nations ESG criteria are also offered.
“Raisin’s successful investment business figures prove that the company has more to offer beyond competitive deposits. In the future, we plan to expand Raisin’s role as a leading digital platform for wealth management and investment activities play an important role in this ”, Raisin CIO Kim Felix Fomm mentionned. “The excellent performance of our Robo Advisor confirms that our simple, passive approach works – with high profitability. More and more people, including a growing number of women and young people, are using our investment products for long-term wealth accumulation, financial security and retirement planning. And investing in ETFs is not a question of age: our clients are between 18 and 96 years old.