- Checkout.com will move from Fitzrovia to Wenlock Works, Old Street in April 2020
- The move demonstrates the firm’s commitment to London and the UK tech scene
- Since 2018, the team has doubled from 155 to 300 people across all roles
- The payment processor expects to employ 600 people in London by the end of 2020, of which most new hires will be senior engineers and product leaders
- Checkout.com will employ 1000 people globally by the end of 2020
London, 20th December 2019 – Checkout.com, one of London’s leading tech businesses, announces the relocation of its global headquarters as it seeks to double headcount amidst exponential business growth.
In April 2020, the payment processor’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 Checkout.com’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.
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.
Guillaume Pousaz, Checkout.com’s CEO and Founder, said: “Following another profitable year, and after securing a record-breaking $230m external investment, we are gearing up for the next stage of our journey. We will move into our new office next year, which is three times the size of our current one. This will enable us to continue building our operations in the great city of London and allow us to serve more merchants than ever.”
“The UK is home to the largest eCommerce 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. We will continue to grow, to recognise other significant markets for e-commerce and online payments.
Checkout.com’s customers include Adidas, Virgin Active, EasyGroup, TransferWise and Yoyo Wallet.
Wenlock Works was developed by Schroder UK Real Estate Fund, with work starting in 2017. Checkout.com will occupy floors three to six of the building. Floors one to two are also under offer with another tenant.
The newly refurbished former warehouse also includes a terrace, library, coffee shop and gym.
Jessica Berney, fund manager of SREF, comments: “Tech and media companies have continued to take office space in London in the workspace which is tailored and designed to suit their requirements and offers the flexibility to mould to changing needs over time.”
“When redesigning Wenlock Works it was important to create a contemporary multi-let workspace that would appeal to the new generation of innovators who have exciting expansion plans shaping the global and digital landscape. We saw real potential in this London submarket as a hotspot for forward-looking organisations seeking bespoke space and are pleased that our investment has been met with such a positive response from the occupier community.”
Checkout.com’s payments platform manages all parts of the payments process quickly, efficiently and transparently. The technology can process more than 150 currencies and facilitates transactions sourced from all major credit and debit cards – Visa, Mastercard, American Express – while also handling alternatives, such as ApplePay and PayPal. Checkout.com offers enterprises the ability to have a unified experience, with feature parity in every market and currency.