Business

Juan Miguel Guerra Joins Revolut as CEO Mexico

The Monetary know-how firm, Revolut just lately introduced the appointment of Juan Miguel Guerra, the previous Chief Innovation Officer at Citibanamex, as its CEO of Mexico. Valued at $33 billion, Revolut is without doubt one of the hottest monetary apps on this planet.

Guerra has in depth expertise within the world company sector. The newly chosen CEO of Mexico held a number of senior govt roles at among the most outstanding Latin American firms together with Rappi, the place he labored as Head of RappiPay Mexico.

Revolut goals to broaden its presence within the area. In accordance with the corporate, Guerra’s broad expertise in Mexico will assist its progress plans. In July 2021, Revolut introduced the launch of its US-Mexico remittance hall.

“Along with his wealth of expertise within the fintech and client tech sectors and an impressive monitor document, we’re delighted that Juan is to hitch Revolut and assist us work towards our mission of making the world’s first really world monetary tremendous app. We’re wanting ahead to reworking the best way individuals in Mexico entry and handle their cash as we convey our services and products to extra individuals world wide,” Nik Storonsky, CEO and Co-Founding father of Revolut, commented on the newest announcement.

In July 2021, Revolut turned one of the invaluable startups in Europe after a funding spherical of $800 million led by SoftBank’s Imaginative and prescient Fund and Tiger International Administration.

Mexican Market

Within the newest announcement, Revolut termed Mexico as an ‘vital market’ for the corporate’s world growth. The fintech agency is planning to construct a powerful crew within the area. “I couldn’t be extra excited to hitch Revolut and leap aboard this rocketship. It’s an honor and a privilege to be requested to guide the enterprise for such a world-class firm in my nation. Mexico represents one of many largest alternatives globally for Revolut and its first step in Latin America,” Guerra mentioned.

In accordance with a report by CNBC in September 2021, Revolut is planning to launch a commission-free inventory buying and selling service within the US.

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