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Fintech

UK fintech plans over-hiring spree to pre-empt departures

Lending start-up Iwoca will add as many as 200 staff this year

UK lending start-up Iwoca is taking the unusual step of adding more staff than it needs this year in an effort to avoid getting caught out by its changeable workforce.

The company has plans to increase headcount from 230 to up to 350 by the end of 2019. To ensure this happens, it will bring in as many as 200 employees to compensate for high staff turnover.

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