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.