German-based fintech Raisin has increased its assets under management (AUM) in savings products to €25 billion. The savings and investment products provider announced this on Friday while noting that the feat has set it on course for further growth. The company is hoping to expand its offerings as the European Central Bank (ECB) plans to increase the interest rates as it plans to fight inflation.

Earlier this week, the ECB announced that it will increase interest rates for the Eurozone by 0.25% next month. Raisin stated that the AUM was raised via its business-to-business (B2B) marketplaces, Zinspilot and WeltSparen.

Additionally, assets have also been invested in its international portals on Savedi, its online financial marketplace. The company is also looking to develop SaveBetter, its B2B marketplace based in the United States.

In a statement, Rasin said its investment segment has grown impressively. It is currently managing over €1.5 billion. In addition, the company has been expanding its offerings with new assets released in its private equity market.

Crossing An Important Milestone

Managing Director of Raisin Katherina Lueth commented on the development. She stated that the firm has established itself in its core business, which is savings products. The business is now classified “as a sustainable and internationally successful model.” Katherina noted that having $25 billion in AUM is a massive milestone for the company and its business. It shows that its clients have strong confidence and faith in its business model.

She added that the platform is offering access to the best interest rates for 1-year time deposits in its biggest markets. She said the rise in interest rate may intensify as the market is showing.

Raison confirmed that its savings products are now attracting higher interest rates as more people are now using the platform as a good alternative to zero interest rates. This has impacted its business model more positively, as more people demand multi-year time deposits, Katherine added.