Revolut
has named an insider to oversee the neobank’s efforts in the United States.
The company
said in a press release that Sid Jajodia is its U.S. CEO. Jajodia will remain Revolut’s
chief banking officer, a role he has held since joining the company a year ago.
Revolut
launched in the U.S. in March 2020, offering financial services to retail and
business customers that include banking, foreign exchange, crypto and stock
trading.
Jajodia
“has been instrumental in building our global banking offer, which will help
him and the team accelerate our growth in the U.S.,” Nik Storonsky, Revolut’s
co-founder and CEO, said in the release.
Before joining Revolut, Jajodia was CEO of credit at PayU. He also served as chief
investment officer at Lending Club.
"The U.S.
is a key market for us, with millions of potential customers who don’t
currently have access to a sophisticated financial services app that offers the
range of services that Revolut does,” Jajodia said in the release. “The
opportunities to grow are significant.”
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