Wiping Out The Norm

“𝑰𝒎𝒂𝒈𝒊𝒏𝒊𝒏𝒈 𝒂 𝒘𝒐𝒓𝒍𝒅 𝒕𝒉𝒂𝒕 𝒅𝒊𝒅 𝒏𝒐𝒕 𝒆𝒙𝒊𝒔𝒕 𝒂𝒏𝒅 𝒉𝒂𝒗𝒊𝒏𝒈 𝒕𝒉𝒆 𝒐𝒑𝒑𝒐𝒓𝒕𝒖𝒏𝒊𝒕𝒚 𝒕𝒐 𝒄𝒓𝒆𝒂𝒕𝒆 𝒕𝒉𝒂𝒕, 𝒘𝒂𝒔 𝒘𝒉𝒂𝒕 𝒈𝒐𝒕 𝒎𝒆 𝒕𝒐 𝒇𝒊𝒏𝒕𝒆𝒄𝒉”

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 Paroma’s 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 Flipkart’s 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.

“𝑰 𝒉𝒂𝒗𝒆 𝒈𝒓𝒆𝒂𝒕 𝒗𝒊𝒔𝒊𝒐𝒏 𝒇𝒐𝒓 𝒕𝒉𝒆 𝒇𝒖𝒕𝒖𝒓𝒆 𝒘𝒊𝒕𝒉 𝑹𝒆𝒗𝒐𝒍𝒖𝒕 𝒂𝒏𝒅 𝒘𝒆 𝒂𝒓𝒆 𝒘𝒐𝒓𝒌𝒊𝒏𝒈 𝒕𝒐 𝒂𝒄𝒉𝒊𝒆𝒗𝒆 𝒕𝒉𝒆𝒎.”

In this conversation with Radhika Bajoria, she shared her learnings from a long career in banking and fintech and her vision of her company’s future.

Watch the full video- https://youtu.be/Imy9EB2BU0U