FinTech Raisin, which offers savings and investments across Europe, has acquired Fairr.
In Brief:
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The German FinTech is viewed as a disruptor in the pensions space.
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According to PYMNTS.com, the deal will be worth “double digit euro millions” and was mainly done in cash.
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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.