Credorax Partners with Raisin to Offer Exclusive Banking Products to German Market

Berlin and Tel Aviv, Israel (ots/PRNewswire) - Smart payments provider will
enable Raisin customers to access retail deposit offers, creating savings
opportunities with higher interest rates

Today, fintech bank and smart payments provider, Credorax
(http://www.credorax.com/), and savings marketplace, Raisin
(https://www.raisin.com/) are announcing a new partnership which will offer
retail deposits to Raisin customers in Germany. This partnership marks the
launch of Credorax's first banking products in the region, and a broadening and
diversifying of its portfolio and funding to Europe's largest savings market.
Raisin's German platform WeltSparen (www.WeltSparen.de) will be the portal to
feature the payments specialist's new products designed for retail customers in
search of savings opportunities with higher interest rates.

This cooperation between two cross-border financial services points to future of
finance. Through this partnership, Raisin will be able to broaden its product
portfolio for customers, and Credorax will be able to quickly and flexibly
expand its banking offer, offering deposits in new markets, as well as gain high
quality retail funding to support its growth and strengthen its position in the
European payments and banking space.

"Partnering with Raisin is a great opportunity for Credorax. As the payments and
banking sector rapidly evolves in Germany and across Europe, this unique
partnership allows us to expand our offering on the continent to include
deposits," said Igal Rotem, CEO at Credorax. "Entering the savings market both
extends our range of products and services and enables us to continue building
our capacity to support more European merchants with our payments technology."

"Making Credorax's first deposit products available exclusively to our customers
in Germany is a win for Raisin and for German savers looking for competitive
yields on their deposits. By facilitating investing anywhere in Europe, we're
providing customers with a solution to the persistent low-interest environment
in Germany," explained Dr. Tamaz Georgadze, Raisin CEO and co-founder. "With
this partnership we can create an opportunity for Credorax within the smart
payments sector to diversify their funding base and take another step toward the
new cooperative fintech economy - one built on specialization and partnerships
like this."

About Credorax

Credorax (http://www.credorax.com/) is a fintech fully-licensed bank and smart
payments provider providing cross-border payments processing for eCommerce and
omni-channel merchants. Credorax's gateway technology, Source(TM), has been
developed in-house to provide a streamlined payments experience so smart and
secure, that merchants can reach their full business potential simply by better
managing their payments. Credorax merchants can accept more than a hundred cards
and local payment methods and get paid in their currency of choice. They also
enjoy best-in-class approval rate optimisation, advanced anti-fraud protection,
business intelligence and a host of other value-added services and products
adding up to a payments experience unlike any other. To learn more, contact
Credorax at grow@credorax.com or visit www.credorax.com.

About Raisin

A trailblazer for open banking and the leading pan-European one-stop shop for
online savings and investments, Berlin-based fintech Raisin was founded in 2012
by Dr. Tamaz Georgadze (CEO), Dr. Frank Freund (CFO) and Michael Stephan (COO).
Raisin's platforms - under the brand WeltSparen in the German-speaking world -
are breaking down barriers to better savings for European consumers and SMEs:
Raisin's marketplace offers simple access at no charge to attractive and
guaranteed deposit products from all over Europe, as well as globally
diversified, cost-effective ETF portfolios (available in Germany). With one
online registration, customers can choose from a wide range of available
investments and subsequently manage their accounts. Since launch in 2013, Raisin
has brokered over 17.5 billion EUR for more than 220,000 customers in 31
European countries, delivering the retail funding to 88 partner banks. Raisin
was named to Europe's top 5 fintechs by the renowned FinTech50 awards and is
backed by prestigious European and American firms such as btov Ventures, Goldman
Sachs, Index Ventures, Orange Digital Ventures, PayPal Ventures, Thrive Capital
and Ribbit Capital. Raisin UK in Manchester, banking-as-a-service provider
Raisin Bank in Frankfurt and pensions specialist fairr, all belong to Raisin.

Press contact Credorax
Marisa Rijpkema
Head of Marketing, Credorax
Marisa.rijpkema@credorax.com

Press Contact Raisin
Roland Panter
Corporate Communications Raisin / WeltSparen
M +49-160-218-65-24
T +49-30-36-74-119-38
press@raisin.com

Additional content: https://www.presseportal.de/pm/134849/4456949
OTS: Credorax

Original-Content von: Credorax, übermittelt durch news aktuell