Global financial app Revolut has appointed Sid Jajodia as US CEO to help accelerate its growth in the region, where it now has nearly half a million active users.
Jajodia joined Revolut in July 2021 as chief banking officer, a role he will retain alongside his new role as CEO of the US business.
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, and now has around 150 employees in the country.
In February, Revolut hired Ibrahim Dusi as chief risk officer for the Americas and, the following month, announced the appointment of Yuval Rechter as general manager and Danil Ovechkin as head of growth in the US.
Prior to joining Revolut last year, Jajodia was CEO of credit at payments business PayU and, before that, spent four and a half years at Lending Club, first as vice president for risk management and later as chief investment officer.
He worked at Capital One for 12 years in various roles, latterly as SVP and head of SME lending.
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.”
Jajodia added: “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.”