Revolut is about to make multi-million investments into India over the next five years and create 300 new jobs there as Paroma Chatterjee was appointed the new CEO.
She holds a PG Diploma degree in Marketing and Finance and has an impressive experience of over 15 years in driving business and revenue growth of some large-scale businesses across different domains.
Revolut is about to make multi-milion investments into India over the next five years and create 300 new jobs there as Paroma Chatterjee was appointed the new CEO.
She has worked for top Financial Services, Telecom and eCommerce companies like Lendingkart.com, Via.com, Flipkart and Bharti Airtel.
Paroma Chatterjee was also named as one of the top 25 women leaders in the financial technology sector in Asia, last year by The Financial Technology Report.
CEO Nikolay Storonsky told Business Insider India that the company is about to make an investment of $20 million–$25 million to break into India by the end of 2021.
“I couldn’t be more excited to join Revolut and become a part of this phenomenal growth journey. 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.” Chatterjee said in a statement.
“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,” she added.
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.”
India is known to be a tough place to enter for FinTechs with a wide reliance on cash, stiff banking regulations, and limited internet access compared with other countries.
However, India is one of the biggest technology markets with a $100 billion FinTech opportunity according to Boston Consulting Group and FICCI.