Revolut, the global financial super app with over 18 million customers worldwide, has announced the appointment of Sid Jajodia as US CEO.
Sid joined Revolut as Chief Banking Officer in July 2021 and will “continue in this role alongside being US CEO, leading the roll out of Revolut’s international banking operations, as well as accelerating the company’s growth in the United States.”
Revolut launched in the US in March 2020, “offering financial services to both retail and business customers, including banking, foreign exchange, crypto and stock trading.”
The company has nearly half a million active users in the US “as well as c.150 employees and is actively recruiting in the US.”
In March, Revolut announced the appointment of Yuval Rechter as General Manager and Danil Ovechkin as Head of Growth in the US “to help Revolut’s marketing and expansion efforts in the region.”
Nik Storonsky, CEO and co-founder of Revolut, said:
“We are delighted to announce Sid’s appointment as US CEO. Sid has been instrumental in building our Global Banking offer, which will help him and the team accelerate our growth in the US.”
Sid Jajodia, US CEO and Chief Banking Officer commented:
“I am thrilled to be expanding my role at Revolut as US CEO. The US 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, so the opportunities to grow are significant. I look forward to building on the great work that has already been done and helping to boost our presence in the region.”
Prior to joining Revolut, Sid was “previously CEO of Credit at payments business PayU.” He had “spent four and a half years at Lending Club, first as vice president for risk management and later as chief investment officer.”
He spent twelve years at Capital One “in various roles, most recently, SVP and head of SME lending.’
As noted in the update shared with CI, Revolut has “nearly half a million active users and c.150 employees in the US.”
Revolut launched in the United States in March 2020, partnering “with Metropolitan Commercial Bank, an FDIC-insured bank based in New York, in order to provide banking services to its customers.”
Revolut provides the technology platform “for MCB to receive customer funds and make payments.” Revolut currently “offers Standard, Premium, and Metal plans for its US customers.”
Revolut is “building the world’s first truly global financial super app to help people get more from their money.”
In 2015, Revolut launched in the UK “offering money transfer and exchange.” Today, over 18 million customers around the world “use dozens of Revolut’s innovative products to make more than 150 million transactions a month.”
Across THEIR personal accounts, the firm helps customers “improve their financial health, give them more control, and connect people seamlessly across the world.”