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PEAC Bank to Offers Fixed-term Products via Raisin
PEAC Finance, a new bank, has partnered with
Raisin’s German deposits platform
WeltSparen to offer a savings marketplace.
The Hamburg, Germany-based PEAC (or Pan-European Asset Company) Finance Group was granted a banking license by the German Federal Financial Supervisory Authority in December of 2020. The company now offers deposits for private customers under the PEAC Bank brand, marketing its savings products exclusively via Raisin’s German deposits marketplace.
PEAC Finance targets medium-sized companies in seven countries where the company has established offices.
Raisin CEO and co-founder
Dr. Tamaz Georgadze commented on the announcing saying they built Raisin to be the first port of call, as a pan-European platform, for financial institutions like PEAC Finance.