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German fintech Raisin to launch in US market

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German fintech Raisin to launch in US market

PayPal Holdings Inc.-backed fintech Raisin GmbH intends to launch in the U.S. market, Reuters reported.

The Berlin-based savings and investment marketplace is looking to attract savers to higher-yielding deposits that its banking partners offer.

Paul Knodel will lead the U.S. launch. His experience includes working at Citigroup and Merrill Lynch.