BENGALURU:

, the London-based branch-less banking unicorn, is looking to enter India next year. Being one of the fastest growing fintech firms in the European market, it has listed two new openings for the India market — head of country operations and head of legal.

In an e-mailed response to TOI, Revolut said it is planning to enter India in 2020 as part of its international expansion plan. Currently, it is exploring options for licensing and is actively hiring a broad range of roles, the startup said. As a digital-only bank, Revolut targets the tech-savvy millennials to whom it offers pre-paid debit card for cash withdrawal in over 100 countries, money transfer, savings tools and insurance for smartphones and overseas travel. Revolut had raised $250 million led by

at a valuation of $1.7 billion last year.

“These roles are compliance, operations and legal. We’re looking forward to transforming the way people in India access and manage their money as we bring our products and services to more people around the world,” a spokesperson of the digital bank said.

The four-year-old startup declined to comment on its discussions with regulatory authorities like the

. Revolut, which was founded by

and

, is entering India at a time when digital payments and broader financial technology sector is seeing heightened action.

Globally, Revolut claims to have done over 350 million transactions on its platform worth over $40 billion. Late last year, it obtained a European banking licence as well. Outside Europe, it has entered Australia in a phased manner, while it has announced plans of going to the US, Canada, and Singapore, among other countries. It did mention in a company blog last year that regulations in overseas market are complex.

While some of the basic services are free with the UK-based bank, it charges monthly subscription fees for premium services under two categories (premium and metal), one of which includes an exclusive metal card. In the European market, Revolut faces competition from startups like N26 and TransferWise.