Raisin joins American Fintech Council to boost consumer choice in financial services

The American Fintech Council (AFC) has announced that Raisin, a global fintech platform for savings and investment solutions, has joined its ranks. Raisin provides users with access to various savings products, allowing them to manage their savings conveniently through a single account. The company aims to empower individuals by offering competitive interest rates and multiple deposit insurance options.

Phil Goldfeder, CEO of AFC, stated, "Raisin’s mission to simplify access to savings options aligns seamlessly with AFC’s commitment to financial inclusion and responsible innovation." He further emphasized the value Raisin brings due to its technology-driven approach and focus on regulatory compliance.

Raisin collaborates with over 70 bank and credit union partners in the U.S., providing customers with high-yield savings accounts and certificates of deposit. Financial institutions benefit from tailored solutions that help attract stable retail deposit funding. Cetin Duransoy, CEO of Raisin US, remarked on the opportunity presented by joining AFC: "At Raisin, our mission is to remove barriers to savings for customers while providing simple access to diversified funding for banks."

The American Fintech Council is known for promoting a transparent and inclusive financial system. It represents major fintech companies and innovative banks that offer embedded finance solutions. The organization supports responsible innovation in financial services and encourages sound public policy.

Raisin was founded in 2012 and connects consumers with banks across Europe, the UK, and the US. With over 700 employees worldwide, Raisin manages assets exceeding $70 billion from more than one million customers.