myPOS moves HQ to the Shard, London

Six months after stating their intention to move offices due to team expansion, fintech startup myPOS has settled for nothing less than the tallest office building in London – The Shard on London Bridge Street.Effective July 2019, the 24th level of the tower has become the new headquarters for the London-based payments provider.

Previously occupying space at the Regus on 25 Canada Square, Canary Wharf, the move was dictated by the company’s progressive growth since its formation in London in 2017.

In an earlier Interview with The Wharf, Christo Georgiev, a Bulgarian fintech entrepreneur and founder of myPOS, shared “Regus is a good scheme for starting up but we’re too big to be here now.” 

Around the same time – December 2018, the company reported 92% growth in turnover compared to the previous year accompanied by a round of staff promotions and hires. Currently, myPOS supports over 250 staff members distributed between London and the operational centre in Bulgaria.

Although running an electronic payments business, Christo believes in brick-and mortar outlets. myPOS boasts a flagship store on Knightsbridge in London, as well as six more stores across Europe, being the only payments company in Europe with such strategy.

Why invest in physical locations?

“The sheer fact we have a place where people can go and say they have issues or who just want to learn more – it completely changes the attitude of the customers.”, adds Christo Georgiev.

Brexit fears are not standing on the way of the company growth as myPOS has already devised a BREXIT plan which ensures that all customer operations will remain intact in case of BREXIT. This will happen through a subsidiary company registered in the EU that will continue to provide the e-money accounts and passporting of payment services. Meanwhile, London continues to be a place of choice for myPOS due to both advanced regulation, which promotes healthy competition, and quality of work talent.

Featured on : FinExtra