Berlin-based Fintech Raisin has appointed Cetin Duransoy as the new CEO of Raisin US, effective 1 May 2023.
Cetin Duransoy reportedly “brings over 20 years of experience, having served in senior positions at companies including Capital One and Visa.”
Before joining, Cetin served “as president and chief operating officer for fast-growing fintech Fundbox where he was responsible for scaling and overseeing the company’s growth.”
The appointment “comes shortly after Raisin announced a successful Series E funding round, which has seen the Berlin fintech raise $66 million from existing and new investors. With the new investment,”
Raisin aims “to give more consumers access to simple and convenient products by investing in new features, even simpler processes and broader accessibility.”
Operating in three core geographies, “offering savings products and investment and pension products, Raisin is one of the leading global savings and investments marketplaces.”
Exceeding one million customers worldwide, the business “has been profitable for half a year and manages over $40 billion in Assets under Management (AuM) for customers.”
Raisin launched its U.S. platform, SaveBetter by Raisin, “in 2020 and has seen formidable growth – having recently added $1 billion in AuM in just over three months, and welcoming 30 financial brands to the platform.”
Tamaz Georgadze, CEO and co-founder of Raisin commented:
“As a fintech pioneer, we provide the infrastructure to democratize the global savings and investments market – benefiting consumers and financial institutions alike. Raisin US is experiencing high demand from consumers looking for competitive savings rates, and financial institutions looking for attractive retail funding sources. We are delighted to welcome Cetin to the Raisin family and continue our growth trajectory together with him and our partners. He brings incredible experience helping businesses scale operating in consumer-centered financial services.”
Cetin Duransoy, CEO of Raisin US added:
“With the U.S. market a key focus of growth for Raisin globally, it is an exciting time to join Raisin. Having already established itself in the U.S. market, demonstrating scale to banking partners and tangible benefits in increased returns for everyday Americans, Raisin is poised to lead the way in further disrupting the American cash savings market and providing a valuable tool to help millions of savers secure their financial future.”