More than 100 jobs are to be created in Newcastle through the launch of a new office by payments technology company Modern World Business Solutions. The Cambridgeshire-headquartered business says it is "laying foundations" for expansion with the debut of its Byker facility.
The firm anticipates recruiting more than 100 for positions in sales, customer service and technical support during this year. By 2027, it aims to employ more than 200 staff at its Hoults Yard location.
Warren Whitfield, CEO and founder of Modern World Business Solutions, said: "We're not just opening an office; we're laying foundations for something much bigger. Newcastle has the energy, talent, and innovation we're looking for, and this move helps us build a world-class team that can drive our next phase of growth.
"The North East has always been known for its strong work ethic and entrepreneurial spirit, and we've seen that first hand in the quality of candidates we've been meeting. This isn't just about us expanding, it's about creating meaningful career opportunities in a region that deserves significant investment.
"Our growth trajectory over the past three years has been exceptional, with revenue increasing by over 500% since 2022. But sustainable growth requires the right people in the right environment, and Newcastle gives us both.", reports .
"We're looking at this as a 10-year commitment, not a short-term expansion. By 2027, we expect to have over 200 people based here, working on everything from cutting-edge payment technologies to customer solutions that are genuinely changing how businesses operate.
"The timing feels right too - being recognised by Lloyds Bank British Business Excellence Awards 2025 as a Scale-Up Business of the Year finalist shows we're on the right track, and now we want to share that success with the Newcastle community. We're offering hybrid working, clear progression pathways, and the chance to be part of a company that's still small enough for everyone to make a real impact."
Modern World was established seven years ago and describes itself as a fintech enterprise that delivers technology, products, and services for sales personnel, banks processing credit and debit card transactions, and merchants. The 60-strong organisation has won awards. Hiring is currently under way for the Newcastle positions, which include flexible working arrangements, development programmes and what the firm has termed 'high-impact career advancement'.
News of the Newcastle office launch comes after Modern World's revelation last month that it has obtained £9m to finance its expansion. The company anticipates the funding will enable it to penetrate underserved segments of the merchant services and software marketplace, and alongside driving recruitment, the capital will support further advancement into the hospitality, retail, professional services and e-commerce industries.
Mr Whitfield said: "While fintech innovation often focuses on consumer apps and neobanking, we're building the infrastructure that powers the businesses behind them. This fund allows us to scale our team, deepen our market intelligence, invest further in ground-breaking tech-development and deliver even greater value to º£½ÇÊÓƵ businesses navigating the complexities of taking card payments."
He added: "This is about more than growth, it's about creating a fairer, more transparent payments for all businesses. Our focus remains on building tech that works for every business, not just big brands."
Modern World represents the most recent enterprise to establish operations at Hoults Yard. Earlier this year North West-headquartered planning and environmental consultancy Axis selected the venue for its inaugural North East premises.
