Raisin DS is the 11th start-up founded by an alumnus of WHU - Otto Beisheim School of Management to achieve unicorn status. Unicorns are commonly defined as startups that are valued at more than one billion US dollars before IPO. Fintech company Raisin DS is a merger of German interest rate portals Deposit Solutions and Raisin. Michael Stephan remains COO of Raisin to this day and was involved in the founding of Raisin four years after graduating with a bachelor's degree from WHU in 2009.
Another Unicorn from a WHU Graduate
Raisin DS is now valued at 1.3 billion euros
Despite several rumors in the past that Raisin DS had already broken the valuation barrier of one billion US dollars, there were also lower estimates of the company's value. With the official company valuation by the Swedish listed start-up investor Kinnevik, it has now been revealed that the fair value of Raisin DS is actually around 1.3 billion euros.
The pre-merger independent fintechs Raisin and Deposit Solutions are known for their portals "Weltsparen" and "Zinspilot". Weltsparen offers bundled savings and investment products across Europe, as well as access to Raisin Pension's retirement products. After setting up a central account, Zinspilot makes it possible to compare overnight deposit and time deposit interest rates from many European banks and to invest money there.