Revolut appoints Rebecca Macieira-Kaufmann to US board

• Rebecca Macieira-Kaufmann, who has held a number of executive positions at Citibank and Wells Fargo, joins Revolut’s US board of directors

• Macieira-Kaufmann joins Revolut as the global fintech progresses its mission to become the banking provider of choice for underbanked communities in the US
  

San Francisco, December 2, 2020 – Revolut, the fast-growing fintech offering easy access to banking services for underbanked communities in the United States, has appointed Rebecca Macieira-Kaufmann to its board of directors.

Ms. Macieira-Kaufmann, whose career spans 25+ years in US financial services, most recently served as Head of International Personal Bank (US) at Citigroup Inc, where she oversaw a team of more than 1,000, expanded the business into new international markets, including Mexico and India, and drove rapid growth.

Prior to this, Macieira-Kaufmann served as President & CEO of Banamex USA, a subsidiary of Citigroup Inc, and an affiliate of Banco Nacional de Mexico, the second largest bank in Mexico, and as President of Citibank for California and Nevada, where she oversaw a team of 4,000 people, and contributed materially to Citibank Revenue in the US.

The appointment of Ms. Macieira-Kaufmann, who has also held executive roles at Wells Fargo, comes as Revolut confirms its mission to become the banking provider of choice for underbanked communities in the United States.

Speaking on her appointment, Ms. Macieira-Kaufmann said: “The US still has many communities under-served by the banking industry, including the many people who come to this country and find it incredibly difficult to open a bank account. Revolut has made an exceptional commitment to solve this problem and is doing so offering unbeatable value and world class technology. This is an issue that is close to my heart so I am delighted to join the Revolut US Board.”

Ron Oliveira, CEO of Revolut US said: “We are thrilled to welcome Rebecca Macieira-Kaufmann to the Revolut Board. Rebecca brings incomparable experience of building consumer banking in California, Nevada and beyond the US and in particular creating a full range of deposit, investments, lending and small business products. This experience with a similar suite of products is invaluable as it aligns to what Revolut already offers, or plans to offer in the future. I’m delighted she is joining Revolut to help us create next-generation banking services.”

Revolut launched its banking services in the United States in March 2020, and has since attracted thousands of customers. Revolut enables customers to open an account in minutes from their smartphone, get their paycheck up to two days early with direct deposit, earn a bonus of up to 4.5% on their savings, and all deposits held with Revolut are FDIC insured up to a value of $250,000.

In addition to its domestic banking services, Revolut’s best in class exchange rate is already proving popular with underbanked communities in the US thanks to its superior exchange rate. With Revolut, customers can spend and transfer money globally with no hidden fees, and exchange 28 currencies in the app, including Mexican Pesos, Canadian Dollars, British Pounds and Euros.