Revolut, the billion fintech firm which is also one of Europe’s major start-ups, has appointed Paroma Chatterjee as its India chief executive officer. Paroma was previously the chief business officer at LendingKart, and has also held top roles at Flipkart and Airtel Money previously. Paroma was also named as one of the top 25 women leaders in the financial technology sector in Asia, last year.

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.

Founded in 2015 and headquartered in London, the startup has built a sturdy occurrence in numerous countries and is also looking for a banking license in the US. The start-up claims to have 15 million customers internationally and says it processes 100 million transactions in a month. The digital banking and financial services startup is looking to enter India with an initial investment of $20-25 million.

Co-founder Nikolay Storonsky, states, “We’re looking forward to transforming the way people in India access and manage their money as we bring our products and services to more people around the world.”

Paroma, states, “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. 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.”