Global payment provider Hyperwallet has officially opened an office in London. The San Francisco–based company’s announcement marks its next step in global expansion, specifically focusing on the “gig economy,” as well as new digital marketplaces and on-demand companies.
The new London office is led by Aran Brown, who has more than a decade of experience in strategy business development and will steer as the company’s European managing director.
“The gig economy is growing fast, and all indicators suggest that it will constitute a significant portion of the global economy within the next decade,” said Brown. “Drivers, taskers, developers — businesses need a fast, flexible and reliable way to pay these large communities of workers, and we’re confident that the Hyperwallet platform is best-equipped to fill that role.”
The Hyperwallet proprietary payout platform helps organizations maintain a frictionless and transparent way to manage both the payments and payee’s experience. For illustration of scale, Hyperwallet can pay up to 7 billion people in a singular payment environment.
Brown comes to Hyperwallet after serving as chief commercial officer for FC Exchange, as well as working with Western Union Business Solutions, Skrill and Travelex. He will lead the company’s sales efforts in the United Kingdom and Europe and report to Hyperwallet’s CEO, Brent Warrington.
“We’ve added a number of major clients, registered millions of new payees and nearly doubled our total number of staff during the last 12 months alone,” said Warrington in a release. “To facilitate that growth and position ourselves for future success, Hyperwallet will continue to build its global footprint in the coming year.”
Warrington adds that the new office is only the beginning and that the company will be opening a series of overseas locations to support its existing payout operations and recent client signings.
The company has offices in the aforementioned San Francisco, as well as Austin and Vancouver. Plans are in place for a Sydney office and then an Asian office after that.