Vakt, the company re-imagining commodity post-trade processing underpinned by blockchain, has officially selected its Lisbon office as the company’s development centre, following enthusiastic industry reaction to the platform and rapidly expanding headcounts.
VAKT launched its platform into its first market – the North Sea BFOET oil market – in November 2018, swiftly followed by the launch of its Lisbon office the following February. Since then, VAKT set and surpassed a target of 60 hires in Lisbon, focused on development and accelerating the product roadmap, as the company looks to launch into new markets and expand functionality.
Following that success, VAKT has targeted a further 30 hires in Lisbon. The company will also continue to make new hires in the London headquarters for business and operational roles.
André Vasconcelos, VAKT Country Head for Portugal, commented: “Our experience in Lisbon so far has been nothing short of exemplary. This is a hotspot for developer talent, with first class technical institutions, a high number of local engineers and a perfect gateway from London to continental Europe. We are proud of the team we have built so far, and very confident we can achieve the new target in a few months.”
Firmly embedded in the Portuguese tech community, VAKT will be at WebSummit from 4th-7th November. CEO Etienne Amic will be hosting a talk on the challenges of establishing a startup and VAKT welcomes visitors to booth E397 in Pavilion 3.
Amic added: “We are a fast-growing and tight-knit startup working across London and Lisbon. What’s more, we are one of the few companies in the world with a deployed, enterprise grade solution underpinned by blockchain. Ours is an exciting story already and it has only just started – I look forward to discussing it with the best and brightest of Lisbon’s tech talent at WebSummit.”