As we speak the UK-based international fintech Revolut, valued at $5.5 billion final yr, has introduced the appointment of Paroma Chatterjee as its CEO in India, as the corporate continues to increase globally. Previous to becoming a member of Revolut, Ms Chatterjee held senior government roles at Lendingkart, By way of.com, Flipkart and Airtel Cash. She is a famend chief within the fintech and shopper tech trade, and was named as one of many High 25 Ladies Leaders in Monetary Technology of Asia for 2020. Because the chief of the manager group in India, Ms Chatterjee will construct and lead Revolut’s subsidiary in India, outline and implement the enterprise technique, rent the group and handle licence functions and any potential acquisitions out there. Revolut is making a multi million pound funding in India over the subsequent 5 years and has dedicated to the creation of 300 new jobs within the nation to serve its international enterprise operations. Revolut has recruited Heads of Operations and Authorized for the nation and is leveraging India’s robust expertise pool to recruit throughout a number of capabilities together with HR, Finance, Development, Advertising and marketing, Recruitment, Compliance, Danger and Technology. The Revolut India subsidiary will even function an operations hub for Revolut’s international enterprise, reflecting the talents and expertise accessible within the Indian market.
Globally, Revolut has established itself as an revolutionary various to conventional banking merchandise via its suite of digitally-enabled merchandise throughout banking and enterprise accounts, playing cards and funds, international alternate transfers and remittances, investments and buying and selling, insurance coverage and different monetary providers. Revolut India will look to introduce these merchandise within the nation that may assist Indians to considerably enhance the expertise that we at the moment face in accessing and managing our private funds. Nik Storonsky, CEO and Founder at Revolut, stated: “With a wealth of expertise within the fintech and shopper tech sectors and an impressive monitor report, Paroma is a superb match for the function and her appointment is a significant achievement in our continued mission to turn out to be the world’s first actually international monetary superapp. We’re trying ahead to remodeling the best way individuals in India entry and handle their cash as we convey our services to extra individuals around the globe. “India is a core market in our enlargement technique with an enormous provide of expertise, and we’re excited to faucet into that expertise pool to assist Revolut go from power to power.” Paroma Chatterjee, CEO India at Revolut, stated: “I couldn’t be extra excited to affix Revolut and turn out to be part of this phenomenal progress journey. It’s an honour and a privilege to be requested to guide the enterprise for such a world-class firm, in a rustic that presents one of many largest alternatives globally for Revolut. I look ahead to constructing an exceptionally proficient group and dealing with them, as we proceed to develop superlative monetary options for thousands and thousands of shoppers in India.” “We are going to construct the financial institution of the longer term.” Revolut might be one of many first UK fintechs to succeed in India and might additional deepen commerce relations between each international locations. Its launch in India is the most recent step in its worldwide enlargement plans, following profitable launches in Singapore and Australia in 2019, and the US and Japan in 2020. Revolut has additionally acknowledged its plans to launch in various markets throughout South America and deepen its current presence in Asia-Pacific.