Raisin and Yolt announce partnership

Money management app Yolt has partnered with pan-European savings marketplace Raisin.

Beginning in the UK, followed by Italy and France, Yolt will provide its users access to a range of saving deposit rates from Raisin’s partner banks, directly through the app.

Raisin partners include N26, Commerzbank, Vanguard and ClearScore, plus the more than 75 partner banks offering deposits across Raisin’s seven platforms, while Yolt collaborates with MoneySuperMarket, Anorak, Wealthify, Pensionbee and others.

The announcement accompanies milestones from both companies: Yolt celebrates its second birthday having exceeded 900,000 registered users, while Raisin has now brokered over €13 billion since launching in 2013.

Earlier this week, Yolt announced it will support Open Banking capabilities for three new clients via its Yolt for Business API, which launched in February this year.

It currently provides aggregation services to selected ING markets and will be supporting more ING Business Units over the coming months, alongside support for Payvision, the Dutch acquirer and payment processing platform, and Funding Options, the small business funding comparison site.

Last week Yolt further expanded its network of partners with insurance platform simplesurance. Users in the UK, Italy and France are now able to apply for mobile phone insurance directly from the app, allowing them to purchase cover in as little as two minutes.

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