Waracle is already Scotland’s largest app developer, employing around 200 staff across its Dundee, Glasgow, Edinburgh and London offices.

Last month, Virgin Money announced a strategic partnership with the firm to support the development of its digital proposition for the new Virgin Money Business current account.

In light of such contractual wins, Waracle expects its staffing levels to reach 300 by the end of this year.

Mike Wharton, co-founder and chief technology officer at Waracle, said: “In these tough times we’re proud to be growing our portfolio of innovative work with really visionary clients and excited to be adding new members to the team.

“We grew 25% in 2019-2020 and are expecting a strong year in 2021 with the addition of a number of important client opportunities, including our work with Virgin Money.

“Tech is such a great industry for people to work in. Though app development is less visible than the games side of software development there is huge scope in Dundee to work on projects that fundamentally change the lives of millions.

“We’re always on the lookout for amazing new team members and would like to hire locally if there was more supply of these other software skills.”

He added: “These are tough times. The innovative banking proposition Virgin Money is bringing to the market to help the business community thrive couldn’t come at a better time.”

Waracle’s most recent accounts for the year ending December 31 2019, showed revenues of £11.8m and a £1.4m operating profit.