Fintech firm plans to create 230 new jobs in region

Lex Greensill

A fintech specialist is planning to take on almost 230 new staff as part of an expansion in the North West.

Greensill has announced it is taking on 227 people at its offices in Daresbury near Warrington.

Around half of the new roles will be highly skilled tech jobs including, data analytics, data science, software engineering and architecture.

The remainder will be operations and central support roles.

The new jobs are to be based in the company’s Daresbury site near Warrington, where the company is building a modern campus designed to attract and retain talent.

Greensill, provider of working capital to companies globally, created around 130 jobs in Warrington in 2019, taking the firm’s total in the region to 235.

The North West recruitment drive is part of Greensill’s global expansion that will see as many as 440 new jobs created worldwide in 2020, some 285 of them in the UK.

Lex Greensill, CEO and founder of Greensill, said: “We have ambitious plans for 2020 and the development and growth of Greensill’s tech hub in the North West of England is key to our success.

“As the UK’s most valuable fintech, we see this country as a global hub for technology professionals and the North West of England is a hotbed of specialist expertise.”

Last week the company announced a £2.5m donation to the Alliance Manchester Business School, where Lex Greensill is an alumnus.

The donation will enable the University to drive the fintech agenda in the North West with a new chair in FinTech, as well as other key academic posts and PhD scholarships over the next five years.

The funding will also enable the collaboration of academics from across the university to promote multidisciplinary research and support student entrepreneurship in fintech and related fields.

The North West has the largest number of digital workers in the UK outside of London, according to research conducted for the UK government’s Digital Economy Council by Tech Nation.

In 2018, digital tech companies in the North West turned over £4.9bn, while total employment reached 88,000.

Jake Berry, Minister for the Northern Powerhouse, said: “The UK is at the global forefront of technological innovation, with the North being a beacon of talent for the whole country.

“It’s fantastic to see Greensill’s investment creating so many jobs in the North West. Our key priorities are boosting innovative industries right across the country that will unleash Britain’s potential.”

In the past 14 months, Greensill has raised more than $1.7bn from leading institutional investors, General Atlantic and the SoftBank Vision Fund.

During the same period, the business has achieved significant growth in both client activity and headcount. In the last 12 months, Greensill also successfully hired 140 people in its Warrington office.

The business, at the end of 2019, has over 500 employees across its network of offices around the world.

Founded in 2011, Greensill provides businesses with alternative sources of funding, allowing them to provide suppliers with the opportunity for faster payment, while at the same time preserving their own capital position.

The company is headquartered in London with offices in New York, Frankfurt, Chicago, Miami, Singapore, Sao Paulo, Mexico City, Johannesburg, Sydney, Warrington and Bundaberg.

The company owns Greensill Bank, which was founded in Bremen, Germany in 1927, has a suite of proprietary Supply Chain Finance Funds run by world leading fund management organisations, acquired Finacity in June 2019 and FreeUp in October 2019.