Tech unicorn to create 300 jobs with expansion into new London workspace

A fintech specialising in payment services is set to relocate to a refurbished office space in Old Street in London.

Schroder UK Real Estate Fund (SREF) has announced that Checkout.com will let three floors at Wenlock Works.

Checkout.com will occupy 63,874 sq ft of accommodation at Wenlock Works on a 10-year lease, moving as part of its expansion plans after reaching full capacity at its current London office.

The firm, which works with brands such as Deliveroo, Samsung and Adidas, is set to create hundreds of jobs, bringing its London team to 600 staff.

Charlotte Payne, people experience manager at Checkout.com, commented: “As one of London’s fastest growing tech companies finding enough space for our ambitious team has been a challenge.

“Our new home at Wenlock Works will give us room to hire about 300 more people during 2020, taking the company’s employees in London to about 600 by the end of next year.

“Checkout.com is a global payment processor but London will always be key to the company’s success and the new office reflects our commitment to this city and its deep pool of talented engineers and software developers.”

Jessica Berney, fund manager of SREF, added: “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.”