Co-CEOs transition to new roles to make way for fresh leadership
Ratehub Inc has announced the appointment of Naga Parvatharajan (pictured) as its new chief executive officer.
Parvatharajan, a seasoned executive with over 20 years of leadership in banking and fintech, succeeded co-founders Alyssa Furtado and James Laird, who are stepping down from their roles.
Furtado and Laird have led Ratehub since its inception in 2010. The company said it will continue to support Ratehub as shareholders, board members, and strategic advisors.
Parvatharajan brings a wealth of experience from his previous roles at leading US firms, including SoFi, Goldman Sachs, Discover, and Capital One. Most recently, he served as general manager of multiple lending businesses at SoFi, significantly contributing to its growth and successful public offering.
"We are thrilled to announce this significant milestone in Ratehub's journey," Furtado said in a press release announcing the appointment. "The decision to seek a new CEO was driven by our ambition to explore untapped potential. Naga's track record of scaling unique enterprises like Ratehub is unparalleled, and we believe his expertise will be instrumental in scaling Ratehub to new heights."
"I am honored to lead Ratehub in its next chapter of innovation and growth," said Parvatharajan. "Ratehub has what it takes to become bigger and make a difference in the consumer's finances as a one-stop shop for all financial needs – Save, Spend, Borrow, Invest, Protect - while continuing to double down on Mortgage originations as rates rally."
The Toronto-based company has grown to over $17 billion in mortgage volume and a team of 170 professionals. Ratehub is recognized as one of Canada’s fastest-growing firms.
In 2022, Ratehub entered a strategic partnership with Novacap, a leading North American private equity firm, to further its expansion goals.
"We remain deeply committed to Ratehub's success as shareholders, board members and strategic advisors," Laird said. "This leadership transition, supported by our partner, Novacap, is a testament to our shared vision for growth and excellence."
Make sure to get all the latest news to your inbox on Canada’s mortgage and housing markets by signing up for our free daily newsletter here.
