Finance

Revolut is expanding into India

0


The Revolut logo displayed on a smartphone and a PC screen.

Pavlo Gonchar | SOPA Images | LightRocket via Getty Images

LONDON — Revolut, an online banking start-up based in the U.K., is planning an expansion into India.

The London-based company announced Thursday that it had tapped Paroma Chatterjee, a former executive for Indian start-ups Flipkart, Via.com and Lendingkart, to lead its operations in the country.

Revolut will invest about $25 million into the Indian market over the next five years and aims to launch its app there by 2022. The company, worth $5.5 billion in its most recent funding round, has raised more than $900 million from investors to date.

“We’re looking forward to…



Source cnbc.com

Cadillac rolls out $60,000 Lyriq EV as it phases out gas engines

Previous article

EU prepares legal action against AstraZeneca over vaccine delivery issues

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Finance