The Raisin marketplace lets you shop around and compare different rates European-wide. Related to this, for the banks that integrate with the Raisin marketplace, especially smaller and midsize banks, they get exposure to customers across Europe that might otherwise never be reached. It also gives them potential access to many more deposits, which helps with their own balance sheet lending and scale. Currently, 40 banks offer savings accounts through Raisin, ranging from overnight flexible savings to long-term deposits. Noteworthy, regarding today’s funding announcement, Raisin recently announced that it is planning new products related to investing, in addition to its existing savings deposit marketplace. Specifically, it says it will launch its first retail investment product in the coming months. Last year, PayPal strategically backed Acorns, the U.S. micro-savings app for millennials.

https://techcrunch.com/2017/12/19/paypal-backs-raisin/