Raisin, the marketplace for savings and investment products, acquires German banking provider MHB Bank
Companies, agencies, institutions, etc
MHB Bank of Frankfurt
Raisin’s
EEA
EU
Banking of Telefónica Germany
MHB Bank’s
CreditShelf
Starling Bank
Index Ventures
PayPal
Ribbit Capital and Thrive Capital
People
Raisin
Tamaz Georgadze
Exporo
Groups
European
Physical locations
European Economic Area
Places
No matching tags
Locations
Germany
Netherlands
U.K.
Brexit
Events
No matching tags
Summary
This sees the bank provide Raisin with account management and customer identification, as well as powering transactions — services that require an underlying bank license.By purchasing MHB Bank, Raisin can bring a key part of its infrastructure in-house and also utilise the full bank license to “passport” its various financial services, including its deposits marketplace and ETF-based investment product, to other European Economic Area (EEA) countries, faster.Georgadze says that not having a banking license has been a bottleneck to Raisin launching in more countries across Europe.
As said here by Steve O'Hear