Creditplus becomes the first bank to launch large-scale online sustainable savings products for consumers in the German market, in partnership with Berlin fintech Raisin. The development of sustainable financial products is an important step in the sustainability strategy of Creditplus, in line with the commitments of the Crédit Agricole Group.
After adopting a new framework for its sustainable financing solutions in Germany, Creditplus launches its product in a new category on the WeltSparen by Raisin investment platform. The deposits will be used by Creditplus to refinance the activities of mobility companies to support the transition to a more sustainable and climate-friendly economy.
Our subsidiary helps set new standards in the financial sector by enabling customers to choose a sustainable alternative to traditional savings products. “This project is an example of innovation born of a partnership between banks and fintechs,” said Amir Djourabtchi, Chief Executive Officer of Creditplus, for “Creditplus thus contributes to the freedom of choice of its customers in order to allow as many savers as possible to start using a sustainable product.”
Raisin’s new product category includes bank products used to refinance activities with an environmental, ethical or social purpose. Customers can invest in sustainable products with low risk, covered by the EU’s harmonised deposit guarantee scheme. They benefit from clear information on the use of funds, respecting EU taxonomy and market standards and verified by an independent body. The platform regularly updates information on the use of sustainable deposits, which customers can consult in product descriptions.
Dr Tamaz Georgadze, CEO of Raisin, welcomes the development of a “transparent approach that allows customers to make an informed choice for sustainable developments.”