Banks and Fintechs Are Duelling In a ‘War For Talent’

LendInvest, Anaplan, and GoCardless all looking to expand
GoCardless set to open a Paris office in February

Commuters walk across London Bridge in London, U.K., on Monday, Dec. 18, 2017. U.K. firms wanting workers face the tightest labor market in two decades. In 2011, there were almost six unemployed people for every vacancy; now there are fewer than two, the lowest ratio since records began in 2001.Photographer: Jason Alden/Bloomberg

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By Nate Lanxon

January 23, 2018 at 6:30 AM UTC

This article is for subscribers only.

Europe’s financial technology startups are on hiring mode, fighting each other – and the incumbents -- in what one executive described as a “war for talent.”

Payments company GoCardless Ltd., which employs 170 people in London, will open a Paris office in February, said chief product and technology officer Carlos Gonzalez-Cadenas. Online lender LendInvest Ltd. said it will make a “concerted effort” to hire additional engineers in London this year, while Salesforce.com Inc.-backed software company Anaplan Inc. says hiring engineering talent is its current priority.