Investment comparison marketplace Raisin agreed to buy Fairr.de, a Germany-based pension management platform developer backed by insurance group Aegon, for an undisclosed amount last month.
Fairr runs an online platform that enables users to manage their public and private pension plans from a single place, helping them to grow their pension pots through exchange-traded fund investments.
Raisin is paying for Fairr through a combination of cash and shares, and the latter’s staff will all be joining the corporate, which has recently launched an investments and pension products unit. Fairr had not disclosed the amount of funding it had raised pre-acquisition.
Transamerica Ventures, the venture capital fund owned by Aegon subsidiary Transamerica, took part in a funding round of undisclosed size for Fairr in 2016, alongside IBB Beteiligungsgesellschaft’s VC Fonds Technologie Berlin fund and various angel investors.
The company had already graduated from ProSiebenSat.1 Accelerator, an initiative run by media group ProSiebenSat.1, in 2015.
