Raisin Bank Launches BaaS Offering on Mambu Cloud Banking Platform

Raisin Bank officially launched its BaaS offering on November 5, 2021, leveraging Mambu's cloud-native core banking platform as the underlying technology infrastructure. The service enables fintechs and startups to access outsourced banking services, including account management, without needing to obtain their own banking licenses. Raisin Bank, already known for its deposit marketplace under the Raisin brand, is extending its licensed banking capabilities to third parties.

Mambu's composable cloud platform provides the scalable and flexible core banking technology that powers the service. The partnership model allows Raisin Bank to monetize its banking license and compliance infrastructure while Mambu gains another distribution channel for its platform. This launch adds to the growing European BaaS ecosystem where licensed banks partner with technology providers to serve the fintech market.

The offering is particularly relevant for early-stage fintechs seeking to bring regulated financial products to market quickly.