FinTech firm Yolt partners with investment app
Customers of UK FinTech challenger bank Yolt can now apply for an account with UK savings marketplace Raisin.
The new integration, also available to Yolt customers in France and Italy, is part of what Yolt calls its mission to enable users to make informed financial decisions.
Within the Yolt marketplace, users can currently switch their household bills, shop for insurance, make investments, combine their pensions and now, grow their savings via Manchester-based Raisin’s products.
Yolt’s Chief Marketing Officer Cristel Lee Leed said: “Our latest partnership with Raisin will benefit our Yolt community of users, giving them access to savings products with competitive interest rates - empowering them to do more with their finances.”
Building on open banking technology, Raisin deploysfrom “white label” products from its API and a variety of ‘lead-outs’, connecting a bank or money app’s customers to the Raisin platform.
Dr. Tamaz Georgadze, Raisin CEO and co-founder added: “In Europe’s current negative interest environment, Raisin’s B2B solution gives banks a means of moving excess liquidity without losing their customers. Meanwhile partnerships with innovative platforms like Yolt, which allow financial services providers to extend their range of offers, expand the reach of our partner banks as well as choice for savers yet further.”
In July, German-headquartered Raisin received an investment of €25 million from Goldman Sachs.