Rauva, the award-winning fintech provider of one of Europe’s newest business super-apps for entrepreneurs, announces today that it has completed its leadership team with the appointment of a new Chief Risk Officer (CRO).  

Tomas Oliveira da Silva has been appointed to the role of CRO and will, along with Rauva co-founder and CEO Jon Fath and Rauva Chief Technology Officer (CTO), Maxence Cornet, help lead the multinational team of fintech and banking experts through its mission to build one of Europe’s first fully digital business banks.  

Tomas previously held the position of CRO at UK-based savings and lending bank DF Capital. His appointment comes just two weeks after the Portugal-based fintech announced it had signed an agreement to acquire 100% of the shares of Banco Empresas Montepio, a Portugal-based bank.  

Completing the leadership team has been a top priority for Jon Fath, who is a former COO at digital banking unicorn bunq. He founded the company in 2022 with Sam Mizrahi, the visionary Canadian-based entrepreneur, who continues to play an active role in the company’s ongoing success. Rauva is currently moving at a rapid pace and already announced the launch of its business super-app in Portugal, its first market, earlier this year. The appointment of a new CRO comes as Rauva announced it has ambitions to become one of Portugal’s first unicorns and prepares for further European expansion. 

To support this rapid growth Rauva appointed Maxence Cornet as their new Chief Technology Officer (CTO) in the fall of 2022. Maxence is the founder of both Gen-Z banking technology provider Vybe, where he also served as CTO, and leading Web3 consulting agency Freyja Software.    

Rauva co-founder and CEO Jon Fath: “Rauva’s super-app has been developed specifically to make entrepreneurship easily accessible to everyone by taking away the hassle of managing daily finances and to enable small and medium sized enterprises (SMEs) to focus on their business growth. We launched the app five months ago. To further our growth, we have also signed an agreement to take over all the shares of Banco Empresas Montepio, ensuring our roll-out in Portugal is well under way. Rauva is moving at a rapid pace and have our ambitions set on eventually expanding to the wider European market. The completion of our leadership team is key to helping us deliver on this vision.”  

Maxence Cornet, CTO at Rauva: “It’s our goal to build the absolute best digital solution for SMEs. For that, you need the right people. Our 10-nationality-strong team of seasoned banking and fintech experts has this as its singular focus. Adding Tomas to head our risk operations will help further guide us into becoming a bank and delivering innovative and relevant products, such as credit, to our customers. This transition from fintech to banktech will be extremely important in offering top value to our clients, as SMEs in both Portugal and on the rest of the continent are sorely in need of solutions that meet their specific needs.”  

Tomas Oliveira da Silva, Rauva’s newly appointed CRO: “I’m excited to join Rauva, which I have been following with great interest for some time. The company has managed to keep a clear focus on its goals and ambitions, and it is moving forward at an unprecedented pace, a testament to its leadership and a passionate multinational team. Their recent agreement with Banco Empresas Montepio, one of the first such purchases by fintech companies globally, reflects that ambition and I am thrilled to be part of this new team.”