European fintech start-up Rauva appoints new CTO

Rauva, a European fintech start-up developing a new financial “super-app” for small and medium-sized enterprises (SMEs) and freelancers, has appointed Maxence Cornet as chief technology officer (CTO).

Rauva appoints new CTO

Cornet has software development experience in fintech and web3 environments and was previously CTO and co-founder of Vybe, a French challenger bank that launched in September 2019 but closed down last month after running out of money. Vybe raised €4.6 million in funding and onboarded more than 40,000 customers prior to its closure.

Cornet is also the founder of Freyja Software, a web2 and web3 start-up founded in 2018.

Founded this year and headquartered in Portugal, Rauva aims to build an app for Europe’s Mediterranean region, providing country-specific, automated and integrated banking and financial management tools with a focus on SMEs and freelancers.

Rauva aims to launch in early 2023, starting with Portugal and Spain before expanding globally. It claims to have received “multi-million dollar” funding to kickstart its operations.