-- Equiteq, the leading M&A advisory firm for companies in the knowledge 
economy, is pleased to announce that it has advised Choice Financial Solutions 
("Choice FS"), a leading U.S. and European fintech firm focused on consumer 
deposit automation, on its sale to Raisin, a pan-European wealth management 
fintech firm. 

Launched in 2011, Choice FS has developed a software solution that allows banks 
and credit unions to meet customers where they are: savers can use it to create 
customized deposit accounts, dynamically and automatically based on their 
personalized needs.

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The acquisition will make the first real innovation to the U.S. deposits market 
in generations broadly accessible to banks across the country. Raisin will 
license Choice FS' original software to American banks, enabling the banks to 
create uniquely flexible deposits and offer those products directly to their 
own customers.

Raisin has originated over EUR 18 billion for more than 225,000 customers in 31 
European countries, delivering the retail funding to 88 partner banks since its 
inception in 2013. Raisin was named to Europe's top 5 fintechs by the renowned 
FinTech50 awards and is backed by prestigious European and American investors 
such as Goldman Sachs, PayPal Ventures, Thrive Capital, Index Ventures, Orange 
Digital Ventures and Ribbit Capital. 

Raisin U.S. CEO, Paul Knodel, commented: "Joining forces with Choice FS lets 
Raisin begin offering cutting-edge services to banks and customers before we 
even launch our U.S. platform. As a leading innovator in the deposits space, 
Raisin sees Choice FS as a perfect fit for our mission in the U.S. deposits 
market. The enthusiastic market feedback we have already received affirms how 
ripe the savings space is for just this type of personalization."

Choice FS' CEO, Daniel Smith, commented: "Joining the Raisin family for us 
means greatly strengthening our ability to scale and connect our software to 
the sector that needs it most."

Regarding Equiteq's role in the transaction, Mr. Smith added: "The Equiteq team 
demonstrated a clear understanding of our industry, as well as an appreciation 
of the value proposition we bring to financial institutions. These capabilities 
were fundamental in allowing us to correctly position Choice FS in the market. 
Their guidance with the M&A process was key to enabling us to achieve the 
desired result and ultimately reach an agreement with the perfect partner that 
we are very excited to be moving forward with." 

Daniel Siller, Managing Director at Equiteq, commented: "The acquisition of 
Choice FS provides Raisin with a fantastic product to enter the U.S. market. It 
is a win for depositors who will have access to more simple and lucrative 
deposit options, banks will benefit through the lowering of their cost of 
funding and deposit maturity extensions. Raisin gains a fantastic team through 
this acquisition that will see their firm launch successfully in the U.S. We 
wish the Choice FS team and the whole Raisin family great success." 

About Equiteq (www.equiteq.com)

Equiteq is the knowledge economy M&A specialist, advising owners of 
knowledge-intensive businesses around the world from offices in London, Paris, 
New York, Boston, Singapore, and Sydney. Equiteq helps owners best achieve 
their value and exit objectives through accelerating equity growth and 
ultimately realizing that value in a trade or private equity sale.

SOURCE Equiteq

CONTACT: Brandon Arthur, +1 720-300-8020, brandon.arthur@equiteq.com