Digital bank Revolut has appointed former Citigroup executive Rebecca Macieira-Kaufmann to its US board of directors.
Holse spent eight years at the head of SimCorp and is also chairman at SuperOffice and Zenegy.
Challenger bank Revolut applied for UK banking license and ex-Standard Chartered chief Richard Holmes is supposed to aid the process.
With this move, Blomfield takes part in the process of clearing the path for the new CEO TS Anil and moving into the role of President.
Despite the decline, the fintech industry's performance in 2022 still beats its performance from two years ago, with funding increasing by 52% compared to 2020.
The company has 850,000 customers across its different businesses and is on track to be profitable for the full year in 2023, the first time since its founding 17 years ago.
As interest rates remain high, borrowing will continue to play a significant role in helping these businesses achieve their goals.