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How she became the India CEO of a $33 Billion Fintech Firm? Ft. Paroma Chatterjee
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Meet Paroma Chatterjee, CEO of Revolut India, a woman known for her groundbreaking innovations and visionary endeavours in the field of banking and fintech.
A graduate of the esteemed IIM-Lucknow, she has worked with companies like airtel, Kotak Mahindra Bank, Flipkart, Lendingkart.
Back in 2010, it was marked as the start of the fintech wave in India. This was the point of Paromaβs entry into fintech. It was an era with rudimentary technology for communication as compared to today. It was the time of Nokia cell phones, with limited features.
She shared her journey when she joined Airtel to work on developing a payments bank. They got the first prepaid mobile license from Reserve Bank of India (RBI), which was a pivotal point in the history of telecom in India where a telecom company ventured into payments. Paroma was a witness and a part of this revolution.
Before joining Airtel, Paroma worked with Kotak bank to establish their cards business. During her initial seven years in the banking industry, she made substantial contributions to prominent brands like ICICI Bank and Kotak Mahindra Bank.
She has also been a part of Flipkartβs team. During mega sales like Big Billion Days on Flipkart, sellers were ready to be a part of it but faced the issue of procuring working capital. She realized a gap in capital for small businesses and MSMEs. She joined the team of Lendingkart, which provided loans to these smaller businesses.
Paroma's transformative vision blossomed from a critical insight at Flipkart. Driven by the need for readily available finance for small businesses, she shifted to Lendingkart, where her efforts fuelled the growth of countless MSMEs.
Currently, she is working as the CEO of Revolut, a global neo-bank and financial technology company based in the UK that offers banking services, with a valuation of $33 billion.
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In this conversation with Radhika Bajoria, she shared her learnings from a long career in banking and fintech and her vision of her companyβs future.
Watch the full video- https://youtu.be/Imy9EB2BU0U
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