By Oliver Smith on Tuesday 14 July 2020
After its latest $83m fundraise, the banking tech provider is recruiting across three continents.
Banking technology provider Thought Machine is looking to add 150 staff to its headcount this year, primarily with new engineering roles based around its London head office, AltFi can reveal.
Australia, Singapore and North America are also fast-growing markets for the company, with further hiring planned for these areas.
Thought Machine currently employs over 350 staff between its London and Singapore offices, with 60 per cent of its roles focused on engineering, security or product.
By the end of 2020 the company expects to reach a headcount of over 500.
“We made our vision clear for continued expansion and product development at the point of announcing our Series B funding round,” said CEO Paul Taylor.
“Today we go a step further by making a solid commitment to increasing our headcount by 150 staff at a time when the technology industry has dialled back hiring. We think it’s important to send out a message that companies are still hiring amid the doom and gloom.”
Thought Machine closed its $83m fundraise in March, just as the Covid-19 lockdowns started coming into effect in many countries.
The round was led by Draper Esprit and joined by existing investors like IQ Captial, Lloyds and Playfair Capital.
Since the start of lockdown Thought Machine has already hired 100 employees, including 92 staff in London and 8 in Singapore, each recruited and onboarded remotely.
Thought Machine’s clients include Lloyds Banking Group, Standard Chartered, SEB and Atom bank, which use its banking platform Vault.