Revolut starts India operations, will hire 300 People in HR, finance, etc
UK-based Fintech firm, Revolut will hire 300 staff for its subsidiary in India and make a multi-million-pound investment there as part of its global expansion, the British-based digital bank app said on Thursday.
The company also has appointed Paroma Chatterjee as its India chief executive officer. Chatterjee was formerly the chief business officer at LendingKart, and has also held top roles at Flipkart and Airtel Money previously.
“Revolut is hiring in human resources, finance, growth, marketing, and other functions as it bases support for its global operations from its Indian subsidiary,” it said.
Revolut deals with money transfer and exchange, stock trading, wealth management, loans, peer-to-peer payments and even cryptocurrency trading, which will not be offered in India.
The company raised $500 million in a funding round at a valuation of $5.5 billion in early 2020, and according to media reports this month is seeking a further funding round that could double that valuation.
Founded in 2015 by former Credit Suisse trader Nik Storonsky and software developer Vladyslav Yatsenko, Revolut has since attracted more than 15 million retail customers with products including currency exchange, debit cards and stock trading.
The company said in March it had completed the first step to apply for a U.S. banking license, and is launching its services for businesses across 50 states.
