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UK-based fintech Revolut expands to India, names new CEO

Jean Cabico - April 22, 2021

Mumbai, India – Global financial superapp Revolut has appointed Paroma Chatterjee, former chief business officer of online financing company Lendingkart, to be its new CEO for the India team, as it expands its market presence in the country this year.

Chatterjee is a renowned leader in the fintech and consumer tech industry. She has held senior executive roles for various companies including travel agency, e-commerce company Flipkart, and telecommunications enterprise Airtel Money. In her new role, Chatterjee will be responsible for building and leading Revolut’s subsidiary in India. She will also be defining and implementing the fintech’s business strategy, as well as hiring a team and managing license applications and any potential acquisitions in the market.

According to Revolut, the fintech is making a multi-million-pound investment in India over the next five years and has committed to the creation of around 300 new jobs in the country to serve its global business operations. Furthermore, it has also recruited heads of operations and legal for the country and is leveraging India’s strong talent pool to recruit across multiple functions such as human resources, finance, growth, marketing, recruitment, and compliance, as well as risk, and technology.

Commenting on her appointment, Chatterjee said, “It is an honor and a privilege to be asked to lead the business for such a world-class company, in a country that presents one of the largest opportunities globally for Revolut. 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.”

Meanwhile, Nik Storonsky, the CEO and founder of Revolut, commented that Paroma is an excellent fit for the role and her appointment is a major achievement in Revolut’s continued mission to become the world’s first truly global financial super app. 

“We’re looking forward to transforming the way people in India access and manage their money as we bring our products and services to more people around the world. 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,” said Storonsky.