December 20, 2017 Press

SMP advises Raisin in connection with funding round led by PayPal, Inc.

SMP has advised Raisin, known in Germany with its brand “WeltSparen” – Europe’s leading marketplace for financial products, in connection with the implementation of another successful round of financing. The funding round was led by PayPal, Inc.

Digital financial service provider Raisin has now raised, in total, more than EUR 60 million in equity from various backers, amongst others from renowned venture capital investors such as Thrive Capital, Ribbit Capital and Index Ventures.

The funding round led by PayPal, Inc., which was already closed in mid-December, is intended to further accelerate Raisin’s growth in its core markets throughout Europe.