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Raisin has appointed Cetin Duransoy as CEO of the corporate’s U.S. division, SaveBetter by Raisin.
Duransoy involves Raisin from Fundbox, the place he served as President and COO.
As we speak’s announcement follows Raisin’s $64.7 million capital increase in March of this yr.
Financial savings and funding product market Raisin has appointed a brand new CEO for its U.S. financial savings division. The Berlin-based firm has chosen Cetin Duransoy to go SaveBetter by Raisin, its U.S. financial savings platform initially launched in 2020.
Raisin launched SaveBetter in 2020 to function an internet market the place clients can select from a wide range of financial savings merchandise, together with financial savings accounts, cash market deposit accounts, and certificates of deposit. The financial savings instrument allows customers to entry extra favorable charges than most conventional financial savings accounts from a single portal.
SaveBetter has seen spectacular development just lately, having added $1 billion in belongings underneath administration previously three-to-four months. Moreover, over the identical time interval, the corporate has introduced 30 monetary manufacturers onto its on-line market.
Within the launch, Duransoy mentioned that is an “thrilling time” to hitch Raisin as CEO. “Having already established itself within the U.S. market, demonstrating scale to banking companions and tangible advantages in elevated returns for on a regular basis Individuals, Raisin is poised to cleared the path in additional disrupting the American money financial savings market and offering a invaluable instrument to assist hundreds of thousands of savers safe their monetary future,” he added.
Duransoy has greater than 20 years of expertise in monetary providers. He most just lately served as President and COO Fundbox, and has additionally held senior positions at corporations together with Capital One and Visa.
As we speak’s announcement comes simply over a month after Raisin raised $64.7 million (€60 million) in a Collection E funding spherical led by M&G’s Catalyst and Goldman Sachs. The spherical boosted Raisin’s whole funding to virtually $305 million because it was based in 2012.
Raisin counts multiple million clients and $31.7 billion (€38 billion) belongings underneath administration throughout the U.S., U.Okay., and European Union. The corporate faucets its community of greater than 400 banks and monetary service suppliers from 30+ nations to supply its catalogue of financial savings, funding, and pension merchandise. Tamas Giorgadse is Co-Founder and CEO.
Photograph by Oleksandr Pidvalnyi
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