Raisin, a pan-European online deposit marketplace, has launched an exclusive savings platform for the Spanish market.

Moreover, the company also set up a dedicated Spanish customer service team.

Raisin CEO and founder Tamaz Georgadze said: “We are proud to be the first online platform in Spain offering term deposits from banks across Europe to Spanish savers. This demonstrates that Raisin is a pioneer in the European fintech scene.”

The company also unveiled plans to foray into other European markets with localised platforms in the coming months.

Country head Spain David Jimenez Maireles said: “Raisin enables Spanish savers to swiftly place their savings in European banks that offer substantially higher interest rates than the average offered by Spanish banks.

“Raisin is free of charge for customers and currently offers interest rates of up to 1.05% AER. This means our service enables Spanish savers to earn more without facing greater risk.”

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By GlobalData

Set up in 2012, Raisin has so far raised €30m from investors, which include Index Ventures and Palo-Alto-based Ribbit Capital.