One of Europe’s most promising tech startups, the London-based Checkout.com, will soon be moving into new offices in the capital following considerable year on year growth in net revenues making expansion possible for the firm.
Who is Checkout.com?
The business was founded in 2012, and it is a payment platform that uses innovative technology which means the entire payment process system can be all managed by the firm. The company processes over 150 types of currencies and handles all major credit and debit cards alongside payment alternatives like ApplePay.
The UK company has grown considerably in recent years: doubling in size since 2018. The company has stated that it hopes to employ over 1,000 people by the end of 2020, with the aim of having at least 600 employees based in London alone.
Where will the fintech company move its office space to?
The new office will be near Old Street, and for this office, it is looking to recruit 100 new staff members in engineering, product, and commercial positions. The new office in Old Street is 63,000+ square foot and will include a terrace, coffee shop, gym and library. This will be the company’s global headquarters and will see it move completely from its 18,000 square foot office in Fitzrovia, after just 13 months of being in the current workspace.
Why has checkout.com chosen London for a workspace?
The fintech firm has said that it has decided to base its new headquarters in the capital (which is three times bigger than the previous office space Checkout.com had) is because the UK remains the largest eCommerce market in Europe. Consequently, this presents a potential powerful opportunity for the brand to expand considerably in the coming years.