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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…

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