By Lawrence White
LONDON, April 22 (Reuters) - Revolut will hire 300 staff for
its subsidiary in India and make a multi-million pound
investment there as part of its global expansion, the
British-based digital bank app said on Thursday.
The company also appointed Paroma Chatterjee, a former
executive at Lendingkart and Via.com among other companies, as
its chief executive in India, Revolut said.
Revolut is hiring in human resources, finance, growth,
marketing and other functions as it bases support for its global
operations from its Indian subsidiary, it said.
The company raised $500 million in a funding round at a
valuation of $5.5 billion in early 2020, and according to media
reports this month is seeking a further funding round that could
double that valuation.
Founded in 2015 by former Credit Suisse trader Nik Storonsky
and software developer Vladyslav Yatsenko, Revolut has since
attracted more than 15 million retail customers with products
including currency exchange, debit cards and stock trading.
The company said in March it had completed the first step to
apply for a U.S. banking licence, and is launching its services
for businesses across 50 states.
(Reporting By Lawrence White;Editing by Elaine Hardcastle)