Billie positions itself for expansion

Twelve employees have to leave shortly before the expansion. The fintech wants to hire experienced staff to replace them.

According to information from Finance Forward Billie is repositioning itself. Last week, the "buy now, pay later" start-up made twelve employees redundant. At the same time, the fintech is looking for 37 new colleagues. The reason for the redundancies and new hires is a restructuring.

This year, Billie has expanded its management team to prepare for the upcoming internationalization. First, the start-up appointed its co-founder Aiga Senftleben to the management board, then Billie brought Wayfair team leader Benjamin Hoskins on board as Head of Technology in May. Most recently, former PayPal manager Damien Perillat joined from French payment service provider Worldline and took over the position of CCO. "The new managers have reviewed their team structure and have come to the conclusion that Billie needs to grow up for what we are planning," Billie CEO Christian Grobe told Finance Forward. The redundant employees will be replaced by experienced colleagues.

In the coming year, Billie wants to expand its "buy now, pay later" service for business customers within Europe. Grobe announces that the company plans to enter a new country every two months.