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