Thought Machine to expand headcount with new hires in India, Japan, SA

By Gloria Methri

Thought Machine, the cloud-native banking technology company, has announced plans to increase its global headcount by more than 20% this year. The company will make 125 new hires over the year.

Most newly created roles will join Thought Machine’s engineering team in its London headquarters. The company will also make its first hires in India, Japan, and South Africa. The business is 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. During the 2020 lockdown, the company made 200 new hires.

Paul Taylor, CEO and founder of Thought Machine, said “It is 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. All of which has put us in a position to grow in these uncertain market conditions.”

“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.”

Matt Wilkins, chief people officer of Thought Machine, added, “We have an intentional approach to growth at Thought Machine – one which ensures we retain our unique essence even as we scale globally. We are excited to build our Latin America presence with a Miami office and new hires in critically important markets.”

Last year, Thought Machine completed a Series D funding round – valuing the company at $2.7 billion.