German Fintech Raisin Crosses Billion Euro ETF Threshold

European wealth administration fintech Raisin has crossed one billion euros in belongings beneath administration, largely on the energy of its rising enterprise in Germany.

Over the previous six months, German investments have surged by 35 % as buyers entry Raisin’s ETF funding merchandise, an space that has grown by greater than one-third this 12 months. The Raisin ETF Robo Advisor has invested greater than 35 billion euros for 350,000 purchasers at greater than 100 banks within the EU.

Germany’s Federal Statistics Workplace mentioned financial savings charges reached a historic excessive of 23.2 % as rates of interest plummet. That mixture has inspired a migration to market-linked investments which have seen the quantities flowing into Raisin Make investments and Raisin Pension develop by 35 %.

Raisin’s Make investments ETF Robo Advisor options globally diversified portfolios and variable fairness allocation. After Raisin acquired fellow German Fintech fairr in 2019 they built-in the state-subsidized retirement merchandise into the newly-named Raisin Pension. Then weeks in the past the Raisin Make investments ETF Configurator debuted as a “hybrid robo” in Germany. It permits buyers to create their very own ETF funds or make the most of pre-selected funds with automated administration. Sustainable ETFs primarily based on United Nations ESG standards are additionally supplied.

“The success numbers of Raisin’s funding enterprise show that the corporate has extra to supply past aggressive deposits. Sooner or later, we plan to broaden Raisin’s function as a number one digital platform for wealth administration additional and the funding enterprise performs an essential function on this,” Raisin CIO Kim Felix Fomm mentioned. “The superb efficiency of our Robo Advisor confirms that our easy, passive method works – with excessive price effectivity. Increasingly more folks, together with an growing variety of ladies and youthful folks, are utilizing our funding merchandise for long-term wealth accumulation, monetary safety, and retirement planning. And investing in ETFs shouldn’t be a query of age: our clients vary in age from 18 to 96.”