Loot has announced expansion plans for a new workspace in Bristol.
The digital current account company will be the first FinTech business to open offices in the city.
The new South West office – which will initially be housed in a temporary workspace until the new premises have been finalised in the coming months – aims to grow the businesses Customer Operations team and add additional tech teams.
Loot’s CEO, Ollie Purdue, has a natural connection to Bristol having attended the University of the West of England (UWE). That link, along with the emerging tech scene and strong higher education institutions, made Bristol the top choice for Loot’s expansion plans.
As part of the move, Loot are looking to connect with talented individuals in the area by recruiting for 50+ new employees. New roles on offer include full and part-time customer operations advisors and various tech positions.
Ollie Purdue, CEO of Loot said: “2019 has been a bumper year already for us and we’re only continuing this upwards incline, so in order to maintain a great service to our customers, expansion was the obvious choice.
“Having gained my degree at UWE I have a powerful connection to the City, so building the business in a place close to my roots – where no other Fintech company has explored – was fundamental in us being able to continue to drive our commitment to empower young people to know more about their money.”
Loot’s digital banking app is aimed at students and young people. The announcement of its expansion plans follows an already fruitful 2019, with a significant RBS investment made in January and a brand refresh released last month.