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Raisin, backed by Goldman Sachs and Deutsche Bank, expects deposits to reach €50 billion

German fintech company Raisin, backed by Goldman Sachs Group Inc, Deutsche Bank AG, and PayPal Holdings Inc, is confident that the withdrawal of cheap central bank funding will drive banks to seek alternative sources, resulting in increased deposits through their platforms.

Raisin, based in Berlin, anticipates that the deposits it intermediates will surpass €50 billion ($56 billion) this year, up from the current €43 billion, according to CEO Tamaz Georgadze. Photo: Getty Image

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