UK-headquartered Revolut has appointed Juan Miguel Guerra as its CEO in Mexico, where he has been tasked with building a team to lead its expansion in the country.
The hire follows the launch of Revolut’s US-Mexico remittance corridor in July 2021 and is the fintech’s first step into the Latin American market.
Prior to joining Revolut, Guerra held senior executive roles at Rappi, where he was head of RappiPay Mexico, and was also previously chief innovation officer at Citibanamex.
Nik Storonsky, CEO and co-founder of Revolut, said: “With his wealth of experience in the fintech and consumer tech sectors and an outstanding track record, we’re delighted that Juan is to join Revolut and help us work toward our mission of creating the world’s first truly global financial superapp.
“We’re looking forward to transforming the way people in Mexico access and manage their money as we bring our products and services to more people around the world.”
He added: “Mexico is an important market in our expansion strategy with a huge supply of talent, and we’re excited to tap into that talent pool to help Revolut go from strength to strength.”
Revolut said it is seeking professionals to join its legal, compliance, operations and HR teams in Mexico.
Guerra said: “It is an honour and a privilege to be asked to lead the business for such a world-class company in my country. Mexico represents one of the largest opportunities globally for Revolut and its first step in Latin America.
“I look forward to building an exceptionally talented team and working with them, as we continue to develop the best financial solutions for millions in Mexico, especially those who are internationally mobile.”
The fintech’s entry into Mexico follows launches in Singapore and Australia in 2019, and the US and Japan in 2020.