British fintech firm Revolut is laying the groundwork for 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 and aims to launch its app there by 2022, a spokesman for the firm told CNBC. The company, worth $5.5 billion in its most recent funding round, has raised more than $900 million from investors to date.
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