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Tuesday, December 24, 2024
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BankingFunding
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Peac Finance: Enters German deposit market with Raisin

Laura M
By Laura M
  • Fintech Raisin signed on to support the new PEAC Bank in its entry into the deposit business
  • The Hamburg-based PEAC 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
  • Customers can open the interest-bearing accounts, with terms from three months to five years
  • PEAC Finance supports medium-sized companies in seven countries where the company has established offices with localized capabilities
  • With Raisin found the right partner to launch deposit business and drive it forward in the most expedited manner

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