July 8, 2021
Renault Bank, Groupe Renault’s savings offer, enters the Netherlands via the Raisin.nl savings platform
- The first Dutch offer from Banque Renault exclusively available on the Raisin.nl deposit marketplace
- Bank Renault’s 0.35% interest rate pa on overnight money accounts is one of the best in the market
- Renault Bank is a savings offer developed by RCI Bank and Services, the automotive captive of Groupe Renault
- An online launch with RCI Bank and Services strategy of diversifying its sources of refinancing
Renault group automotive captive RCI Bank and Services and fintech Raisin DS have announced their new exclusive cooperation to bring the bank’s first retail banking offering to the Netherlands through the Renault Bank brand. Raisin Netherlands (https://www.raisin.nl), a platform operated by German wealth management fintech Raisin DS, now offers the Renault Bank overnight money account with a rate of maximum interest for the Dutch market of 0.35% pa
Renault Bank becomes the first French bank of Raisin Netherlands
Today is the first time that a Renault Bank offer has been available on a savings marketplace. Simple, efficient and secure, the Renault Bank sight deposit offers the same advantages as the other savings products offered by RCI Bank and Services around the world. Launched with the Zesto account in France in 2012, the savings activity of RCI Bank and Services continues to develop and is available in seven countries: France, Germany (since 2013), Austria (2014), United Kingdom (2015), Brazil (2019), Spain (2020) and now the Netherlands (via Raisin). At the end of December 2020, the net deposits collected from RCI Bank and Services amounted to 20.5 billion euros, i.e. 43% of the company’s net assets.
The Renault Bank offer is the first French product of Raisin Pays-Bas and the 18th partner bank of Raisin DS available in the Netherlands. With this new addition, Raisin.nl is the largest cross-border savings marketplace in the Netherlands, with the widest selection of partner banks and savings products on a Dutch deposit platform.
“Extension our savings activity, thanks to the launch of Renault Bank in the Netherlands, is part of our desire to continue to diversify the sources of refinancing of RCI Bank and Services, without depending on a single source of liquidity. This partnership with Raisin also strengthens our continued journey of digital transformation to deliver the best experience to our customers,” explains João Leandro, CEO of RCI Banque et Services.
“The selection by RCI Bank and Services of Raisin DS as the partner of choice and entry point to the market in the Netherlands is a real vote of confidence in our business model and our customers. As a market leader, Raisin is perfectly positioned to provide transparent and flexible access to all parties involved. For Renault Bank, this means access to the Dutch market and for Dutch consumers, access to competitive options such as the Renault Bank offer., add Raisin DS Co-CEO Dr. Tamaz Georgadze.
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About Raisin DS
Raisin DS is a pioneer of open banking in the field of deposits and investments. The FinTech company provides an open banking infrastructure for the global $ 50 trillion deposit market that benefits both banks and savers. For savers, this means more choice of products and decision-making power, institutions in contact with customers such as banks benefit from the best savings market solutions for their own customers and deposit banks benefit from a better access to deposit financing. Raisin DS operates its own B2C platforms across Europe under the Raisin, WeltSparen, Savedo and ZINSPILOT brands, and in the United States under the SaveBetter brand. In Germany, in addition to savings products for individuals and businesses, the company also offers ETF-based investment and retirement products. Raisin DS works with around 400 banks and financial service providers in more than 30 countries. The company serves more than 550,000 direct customers. Raisin DS is backed by renowned international investors such as btov Ventures, Deutsche Bank, FinLab, Goldman Sachs, Greycroft, Headline / e.ventures, Index Ventures, Kinnevik, Orange Digital Ventures, PayPal Ventures, Thrive Capital, Top Tier Capital Partners , Ribbit Capital, and Vitruvian Partners, as well as Peter Thiel. The company has offices in Berlin, Frankfurt, Hamburg, London, Madrid, Manchester, Milan, New York, Paris and Zurich. Raisin DS was born from the merger of FinTech Deposit Solutions and Raisin in June 2021. The merger only requires entry in the commercial register.
About Renault Bank and RCI Bank and Services
Renault Bank is a savings offer developed by RCI Bank and Services, the automotive captive of the Renault group.
Created and 100% owned by the Renault group, RCI Banque SA is a French bank specializing in automotive financing and services for the customers and distribution networks of the Renault group (Renault, Dacia, Alpine, Renault Samsung Motors and Lada) worldwide, the Nissan group (Nissan, Infiniti and Datsun) mainly in Europe, Brazil, Argentina and South Korea and through joint ventures in Russia and India, and Mitsubishi Motors in the Netherlands.
RCI Bank and Services has been the new commercial identity of RCI Banque SA since February 2016.
With 3,800 employees in 36 countries, the group financed more than 1.5 million contracts (new and used vehicles) in 2020 and sold more than 4.6 million services.
At the end of December 2020, average productive assets amounted to 46.9 billion euros in financing and pre-tax income to 1.003 million euros.
RCI Bank and Services has carried out a deposit collection activity in seven countries since 2012. At the end of December 2020, the net deposits collected amounted to 20.5 billion euros, or 43% of the company’s net assets. .
Learn more about RCI Bank and Services: www.rcibs.com
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