Revolut has announced that it will make a multi-million pound investment in India over the next five years.

The UK-based FinTech has committed to the creation of 300 new jobs in the Asian country.

The move comes as the company announces the appointment of Paroma Chatterjee as chief executive India.

The Revolut India subsidiary will also serve as an operations hub for the company’s global business, reflecting the skills and talent available in the Indian market.

“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,” said Nik Storonsky, chief executive, Revolut. “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.”

Storonsky added: “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.”

Paroma Chatterjee, chief executive India at Revolut, said: “I couldn’t be more excited to join Revolut and become a part of this phenomenal growth journey. It is an honour 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.”

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