Revolut earmarks $25 million spend to launch in India

Revolut is laying the groundwork for expansion into India, appointing a new CEO and sparking a recruitment drive to hire 300 staff to serve its global business operations. The firm, which offers a digital alternative to traditional banking products, has appointed Paroma Chatterjee, formerly of Lendingkart, Via.com, Flipkart and Airtel Money, as its CEO in India.