Raisin Bank completed the acquisition of payment business from Bankhaus August.

Raisin Bank, a bank, completed the acquisition of payment business from Bankhaus August, a private bank. Financial terms were not disclosed. “As a service bank, the expansion of our payment solutions will make us significantly more independent and powerful and will further drive our growth in the BaaS market throughout Europe. With the new business unit, we can position ourselves even better as a provider for retail payments," Andreas Wolf, Raisin Bank Chief Commercial Officer.