LHV Bank, which recently received a license, has partnered with Raisin UK to enter the personal savings market.
Before launching its direct-to-consumer savings offering in 2024, the move is LHV Bank’s first foray into the personal savings market.
Providing payment services to more than 200 fintech companies, including Wise, Monese, and Coinbase, has been the primary business of LHV Bank. It entered the SME lending market last year by purchasing Bank North’s operations.
The company obtained a banking license in May and is now breaking into the consumer market thanks to a collaboration with savings and investment marketplace Raisin UK.