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Tide, a global fintech company, recently announced its entry into the Indian market, signaling a trend of increasing interest in India from global fintechs. London-based Revolut followed suit, appointing Paroma Chatterjee as its chief executive in India and expanding its Indian operations considerably. This surge in interest is driven by India's growing fintech sector and its vast potential for financial inclusion.
When Tide announced in January 2021 it was entering the Indian market, it was one of the few global fintechs seeking a presence in the country.
But a lot has changed since then. In April 2021, London-based Revolut announced its entry into India, hiring Lendingkart’s Paroma Chatterjee as chief executive. Revolut has since grown from seven staff to more than 3,000 in the country.
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