Raisin acquires German FinTech Fairr

FinTech Raisin, which offers savings and investments across Europe, has acquired Fairr.

In Brief:

• The German FinTech is viewed as a disruptor in the pensions space.

• According to PYMNTS.com, the deal will be worth “double digit euro millions” and was mainly done in cash.

• The entire Fairr team will join Raisin.

What does this mean?

Raisin is looking to get into the pensions market, and is attracted to Fairr’s low-cost, fully digital model which is similar to its own.

Read more here.