German deposit marketplace company Raisin has teamed up with Swedish fintech Klarna to offer saving accounts on the German market. Among the new products will be a an overnight money account with an interest rate of 0,35%. Raisin lets users compare between different interest rates in Europe. 

Raisin present the collaboration in a press release.

Klarna, a global leader in payments and online shopping, has launched a cooperation in Germany with the deposits marketplace Raisin. By partnering with the Berlin-based fintech Klarna is further expanding into the German savings market. In a first for Klarna, and available exclusively to Raisin’s customers in Germany, the new products include an overnight money account with a competitive interest rate of 0.35%. The Klarna deposit products from overnight to terms of up to 48 months are accessible through a completely online process via WeltSparen.

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Robert Bueninck, Managing Director DACH Klarna: “We’re on an exciting journey from being purely a payment provider to a comprehensive shopping ecosystem. At the same time, we are consistently expanding our banking offerings and are very happy to have Raisin at our side as a partner who – like us – acts in the interests of the end customer. Through our cooperation, we’re enabling our customers to easily build up long-term assets.”

Raisin co-founder and CEO Dr. Tamaz Georgadze: “Klarna’s overnight and term deposit offers are among the best on the market and can be accessed digitally at WeltSparen through an entirely paperless process – a real benefit for our customers. In addition, the business models of Raisin and Klarna complement each other perfectly. Both companies are leading European startups with global ambitions. Today’s market launch in Germany is only the first step for us.”