Thought Machine, a cloud-native banking technology company, will increase its global headcount by more than 20% in 2023 by hiring in India, Japan and South Africa.
As part of the next phase of its expansion plans, Thought Machine said that it will be making 125 new hires over the year.
While most newly created roles will join Thought Machine’s engineering team in its London HQ, the company will also make its first hires in the abovementioned countries.
Thought Machine is also opening a new office in Miami, complementing existing offices in London, New York, Singapore, and Sydney.
This is not the first time Thought Machine has expanded in a difficult economic climate as the company made 200 new hires during the 2020 lockdown.
Just last year, Thought Machine had completed a US$160 million Series D funding round valuing the company at US$2.7 billion.
Thought Machine’s current client list includes Trust Bank, Lloyds Banking Group, Standard Chartered Bank, Al Rajhi Bank Malaysia, Intesa Sanpaolo, Lunar, and Atom bank among others.
Paul Taylor, CEO and Founder of Thought Machine said,
“It’s not all doom and gloom in the technology sector. While many businesses are cutting staff, we are not taking this approach. We are proud of our strategic and selective hiring approach, our focus on hiring the best people in the industry, and our company culture.
India, Japan, and South Africa are critical markets for our growth plans, and entering these regions is a significant milestone for the business. Our new Miami office is key to our ambitions in Latin America. We look forward to our success in these markets and further afield.”