Wednesday 9 October 2019 12:48 pm expands to new London headquarters as revenue surges

Online payments startup is set to hire 100 members of staff and relocate to new Old Street offices as it unveiled a sharp rise in revenue for the year.

The British fintech unicorn will triple its office space with a new 63,000 square feet location near the capital’s Silicon Valley roundabout, having outgrown its current headquarters in Fitzrovia.

Read more: London startup raises $230m in Europe’s largest ever fintech series A has also launched a new recruitment drive with openings across engineering, commercial and product functions.

It came as the firm reported a 60 per cent rise in European revenue to $74.8m (£61.2m), driven by a 150 per cent increase in the volume of payments processed. has doubled in size since 2018, with staff numbers set to reach 300 people by the end of the year. The firm said it is on track to have 600 employees in London by the end of 2020.

“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 chief executive and founder Guillaume Pousaz.

“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 including companies in traditional sectors like media and travel, as well as emerging ecommerce and fintech businesses.”

Read more: Tide secures one of the largest ever fintech series B funding rounds provides online payment solutions in more than 150 currencies and counts Adidas, Virgin, Easy Group and Transferwise among its clients.

In May the startup raised $230m in the largest series A fintech fundraise of all time. The investment gave the company a valuation of almost $2bn, adding it to a growing list of UK unicorns, or privately-owned firms worth more than $1bn.