By Oliver Smith on Wednesday 9 October 2019
Payment processing giant plans to employ 1,000 people by the end of 2020.
Fitzrovia-based Checkout.com is planning to relocate to a new headquarters in Old Street in early 2020, tripling its office space as it hires 100 new staff in London.
The company said its goal is to reach a headcount of 1,000 globally by the end of next year.
“Our new headquarters is three times as big as the old one and that’s a clear statement of our commitment to London from where we can build a genuinely global business,” said Guillaume Pousaz, Checkout.com’s CEO and Founder.
“I founded my business in London because of the quality of talent here, a forward-thinking regulator and the overall energy of the start-up scene. We are excited to start this next chapter of our story.”
Checkout.com also posted a 60% jump in net revenue in its 2018 results yesterday, to $74.8m in 2018, up from $46.8m in 2017.
While the company is profitable, its net profits fell 64% from $6.6m to $2.3m in 2018.
In May Checkout.com announced a bumper $230m in Series A funding round from Insight Partners and DST Global which valued the business at nearly $2bn.
Last month Checkout revealed a boost to its Paris office with plans to hire an additional 50 staff on news that the firm had secured a French e-Money licence to operate.