Revolut Launches in India, Names Paroma Chatterjee as CEO India

UK-based global fintech, Revolut​ announced today the appointment of Paroma Chatterjee as its CEO in India, as the company continues to expand globally.

Prior to joining Revolut, Ms Chatterjee held senior executive roles at Lendingkart, Via.com, Flipkart and Airtel Money. She is a renowned leader in the fintech and consumer tech industry, and was named as one of the Top 25 Women Leaders in Financial Technology of Asia for 2020.

As the leader of the executive team in India, Ms Chatterjee will build and lead Revolut's subsidiary in India, define and implement the business strategy, hire the team and manage licence applications and any potential acquisitions in the market.

Revolut is making a multi million pound investment in India over the next five years and has committed to the creation of circa 300 new jobs in the country to serve its global business operations. Revolut has recruited Heads of Operations and Legal for the country and is leveraging India's strong talent pool to recruit across multiple functions including HR, Finance, Growth, Marketing, Recruitment, Compliance, Risk and Technology. The Revolut India subsidiary will also serve as an operations hub for Revolut's global business, reflecting the skills and talent available in the Indian market. 

Nik Storonsky, CEO and Founder at Revolut, said: "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. 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 will be one of the first UK fintechs to reach India and can further deepen trade relations between both countries. Its launch in India is the latest step in its international expansion plans, following successful launches in Singapore and Australia in 2019, and the US and Japan in 2020. Revolut has also stated its plans to launch in a number of markets across South America and deepen its existing presence in Asia-Pacific.