Paroma Chatterjee has been appointed CEO India as Revolut begins it multi-million-pound foray into the country.
Valued at $5.5 billion last year, the UK-based fintech intends to plough major investment into India over the next five years and create 300 new jobs there. The Revolut India subsidiary will also become an operations hub for the company’s global business.
Paroma Chatterjee, new CEO of Revolut in India
Named as one of the Top 25 Women Leaders in Financial Technology of Asia for 2020, Chatterjee has previously held senior executive roles at Lendingkart, Via.com, Flipkart and Airtel Money.
“It is an honour and a privilege to be asked to lead the business for such a world-class company, in a country that represents one of the largest opportunities globally for Revolut,” she says. “I look forward to building an exceptionally talented team and working with them, as we continue to develop superlative financial solutions for millions of consumers in India.”
Revolut CEO and founder, Nik Storonsky, says: “With a wealth of experience in the fintech and consumer tech sectors and an outstanding track record, Paroma is an excellent fit for the role and her appointment is a major achievement in our continued mission to become the world’s first truly global financial superapp.”
He adds: “India is a core market in our expansion strategy with a huge supply of talent, and we’re excited to tap into that talent pool to help Revolut go from strength to strength.”
Revolut India follows launches in Singapore, Australia, Japan and the US since 2019. In the US, it has recently applied for a banking licence. However, the company decided not to proceed in Canada, following a trial period there. Revolut has also set its sights on a number of South American markets and enhancing its presence in Asia-Pacific.
Read next: SoftBank in talks to turn Indian payments firm Zeta into a unicorn
Source: https://www.fintechfutures.com/2021/04/revolut-hires-paroma-chatterjee-as-ceo-india/
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