Fast growth payment processor Checkout.com is to triple its London office space as it gears up for a big recruitment drive in 2020.
In April 2020, Checkout.com’s 300-strong team will move from Fitzrovia to Wenlock Works, the site of a newly-refurbished Victorian warehouse, minutes from Silicon Roundabout and the underground stations of Old Street and Angel.
The move will triple the firm’s office space, from 18,000 sq ft to 63,800 sq ft, after the UK business doubled its staff numbers from 155 in 2018 to 300 by the end of this year.
The payment processor expects to employ 600 people in London by the end of 2020, hiring across engineering, commercial and product teams over the next year.
The expansion plans come on the back of a $230 million capital raise in May. The seven-year old company offers direct access to domestic acquiring across payment methods and geographies, including all major credit and debit cards, online banking, PayPal, Apple Pay and other eWallets via a single, integrated platform with built-in fraud management tools, analytics and reporting features. Customers include Adidas, Virgin Active, EasyGroup, TransferWise and Yoyo Wallet.
Guillaume Pousaz, Checkout.com’s CEO and founder, says: “The UK is home to the largest e-commerce market in Europe and we are proud to provide payments to many of the country’s biggest brands and businesses. Over the past year, we have also continued to expand our operations internationally, with a presence in ten countries.”
