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UK neo-bank Revolut hiring 300 positions in India, appoints Paroma Chatterjee as CEO

Revolut, one of the largest neo-banks based out of London, has appointed former LendkingKart and Airtel Money executive Paroma Chatterjee to head its India operations, the company said in a statement. The neo-bank, which serves 15 million customers globally, is looking to hire 300 employees for its India operations. Neo-banks are essentially software based companies that bundle a set of financial and banking services through a single platform. Essentially, neo-banks have emerged as an alternative consumer facing entity to traditional commercial banks. Over time, their aim is to pull large swaths of consumers to use an app for all their personal finance management. There are 15 neo-banking platforms in India, including Razorpay X, Niyo, Open, Juno, Kaleidofin, Fampay and epifi among others. Each of them cater to a specific customer segment and use-case Revolut is one of two global neo-banks looking to launch in India. The company caters to both consumers and businesses, providing payments, budget management, stock trading, credit, cards, group payments and international transfer services all on one platform. It also supports crypto-currencies. According to the career page, Revolut is hiring in Bengaluru, Mumbai and has remote positions as well. According to LinkedIn, Chatterjee worked at ICICI Bank and Kotak Mahindra Bank for 7 years in the cards division, before joining Airtel in 2010 to build its banking and payments partnerships for the next 4 years. Over the next three years, she worked at Flipkart as the Director of the Marketplace Division and at online travel company Via.com…

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Reports on banking, payments, fintech and crypto-curencies. Additional reporting on media regulations, data protection and other areas.

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