Thursday, November 14, 2024

Revolut starts India operations, will hire 300 People in HR, finance, etc

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.

Editorial

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Working Hours in India: Key Laws Every Employee Must Know

Following the tragic death of EY employee Anna Perayil...

IT Industry: 5 Key Indicators of Revival in India’s Tech Sector

Based on the recent second-quarter Q2FY25 results released by...

Labour Laws Evolution in India: A Decade of Reform and Resilience

In response to the changes in India's economic landscape,...

Must Read

IndiGo rewards employees with a bonus equal to 1.5 months’ salary

According to Business Standard, India's preferred airline, IndiGo declared...

Morgan Stanley cuts about 1,600 jobs, 2% of its workforce

An American multinational investment management and financial services company, Morgan...

After Google, Meta sacks technical programme manager roles

Meta, the parent company of Facebook has reportedly sacked...

Mphasis in India is hiring for various roles, wfh jobs, freshers; Apply

Indian multinational IT services and consulting company, Mphasis is...

Craft Your Own Personal Mindfulness Journey

Long ago, a humble Indian prince named Siddhartha walked...

Mindtree added 1,823 employees to workforce, 12.1% attrition

Mindtree added 1,823 employees to workforce, 12.1% attrition L&T-owned, information...

Citi Malaysia appoints Tooba M. as CHRO

The global bank, Citi Malaysia has announced the appointment...

Deloitte is hiring for various roles including Intern & Freshers Jobs

An international professional services company, Deloitte is hiring for...

Related Articles

SightsIn Plus
SightsIn Plushttps://sightsinplus.com/
SightsIn Plus is an India’s leading high-quality people-focused monthly HR Magazine and provides up-to-date HR News, Leadership Announcements, Best HR Practices and Insights by Global CHROs, CEOs, HR Advisors, Business Managers and HR Heads on topics of interest to HR professionals. To subscribe SightsIn Plus, HR Magazine please visit- https://sightsinplus.com/subscribe/