Raisin Finance (raisinfinance.com, raisinrates.com) – Scam or Legit? FCA “Clone Firm” Warning Explained

Raisin Finance, operating through raisinfinance.com and raisinrates.com, has been flagged by the UK Financial Conduct Authority (FCA) as a “clone firm”—meaning fraudsters are using details to pretend they work for a genuine FCA-authorised company. (FCA)

If you found these sites while searching for savings rates, fixed-income products, or “secure” investment opportunities, the FCA warning is a decisive signal: do not deal with these domains.

What is a “clone firm” and why it matters

The FCA explains that fraudsters copy the details of authorised firms to convince people a scam operation is genuine, and the FCA calls this a clone firm. (FCA)

Clone scams are dangerous because:

• They often look professional and legitimate.
• They may use real company details mixed with fake contact info.
• Victims can be persuaded to transfer money to accounts controlled by scammers.

In this case, the FCA explicitly states the “Raisin Finance / Raisin UK” operation is not authorised and has been contacting people pretending to be an authorised firm. (FCA)

FCA clone firm details (the scam identifiers)

According to the FCA warning page, fraudsters are using the following details:

• Name: Raisin Finance / Raisin UK (Clone of FCA Authorised Firm) (FCA)
• Websites: https://www.raisinfinance.com/ and https://raisinrates.com/ (FCA)

The FCA also warns scammers may provide other false contact details and may mix them with genuine details of authorised firms, and they can change these details over time. (FCA)

That’s a key point for your readers: even if they receive a “new number” or “new email,” it can still be the same fraud operation.

The genuine FCA-authorised firm being impersonated

The FCA warning identifies the real authorised company the fraudsters are claiming to work for, and states it has no connection with the clone firm. (FCA)

The correct authorised firm details listed by the FCA are:

• Firm Name: Raisin Platforms Limited (FCA)
• Firm Reference Number (FRN): 813894 (FCA)
• Official website: www.raisin.com/en-gb/ (FCA)

Practical takeaway: if someone claims to represent “Raisin” but directs you to raisinfinance.com or raisinrates.com, that’s consistent with the impersonation warning.

Scam or legit: the clear verdict

raisinfinance.com and raisinrates.com should be treated as scam/clone domains, not legitimate Raisin websites. The FCA warning exists specifically to prevent people from being misled by this impersonation. (FCA)

This type of scam is especially effective in “safe” product categories (savings, term deposits, fixed rates) because victims expect low risk and can lower their guard.

Why this is high-risk for victims (FOS/FSCS protections)

The FCA warning clearly states that if you deal with the clone firm:

• You won’t have access to the Financial Ombudsman Service if you want to complain. (FCA)
• You also won’t be protected by the Financial Services Compensation Scheme (FSCS) if things go wrong. (FCA)

That’s exactly why regulator warnings matter: they tell consumers that the usual UK financial protections do not apply.

How to protect yourself (the check that beats every scam)

The FCA’s guidance is straightforward: only deal with firms authorised by the FCA, and use the FCA Firm Checker to confirm authorisation and correct contact details. (FCA)

If someone contacts you unexpectedly, the FCA recommends replying using the contact details shown on the Firm Checker (not the details the caller/email provides). (FCA)

Also, use the FCA Warning List search to look for other unauthorised or clone firms the FCA is aware of. (FCA)

What to do if you already interacted with raisinfinance.com or raisinrates.com

If you have registered, shared documents, or transferred money:

1. Stop sending money immediately.
   Do not pay “release fees,” “verification fees,” or any charges to unlock withdrawals.
2. Preserve evidence.
   Save screenshots, emails, phone numbers, bank details provided, receipts, and a timeline of events.
3. Verify using official channels only.
   Use the FCA Firm Checker / warning resources rather than any links supplied by the caller. (FCA)
4. Report it.
   The FCA warning page includes instructions to report clone firms (phone and an online contact form). (FCA)

If funds were sent and you need transaction tracing and evidence organisation, a specialist such as Forteclaim Recovery Firm may be relevant depending on the payment method and where the money moved.

Final verdict on Raisin Finance (raisinfinance.com, raisinrates.com)

Because the FCA has identified raisinfinance.com and raisinrates.com as part of a Raisin Finance / Raisin UK clone firm, these domains should be avoided. The genuine authorised firm is Raisin Platforms Limited (FRN 813894) with the official site shown by the FCA. (FCA