British online auto marketplace Cinch is to recruit 100 new staff for its technology hub based in Manchester.
The company, owned by Constellation Automotive Group (formerly BCA Marketplace) is to expand this part of its business due to growing sales and as part of its commitment to working in the city in the north-west of England.
Cinch is a used car business that competes against rival businesses such as Cazoo, HeyCar and Car Gurus. Like Cazoo, according to reports Cinch has been sounding out potential investors for a possible stock market listing in which it is looking to raise around £500 million ($690 million U.S.) for a valuation of £5 billion ($7 billion U.S.).
“Workplaces and ways of working have seen much change in the past year,” said Jaz Chana, Cinch technology director.
“Our people have adapted incredibly well right across our business and kept their collective foot down on our accelerated growth plans.
“Now we’re in the enviable position of attracting more of the market’s best tech talent to exciting new opportunities in our burgeoning Manchester tech hub.”