Ta-DaOo, a company that makes online payments, is offering jobs for its customers, a move that will boost the firm’s stock price as the firm tries to recover from a recent merger with a rival.
Ta-daOo’s stock jumped $2.85 in premarket trading Thursday, and it has gained more than 13 percent this year.
The company also plans to hire 1,000 people in the coming months to help it pay its bills, chief executive officer J.P. Schreiber said in an earnings call Thursday.
“We’re looking at hiring people for all of our customer service jobs,” Schreibersaid.
Ta‑Doo shares rose as much as 10.2 percent to $18.78 on the Nasdaq.
The firm’s shares rose more than 6 percent to a high of $23.83 Thursday, after the company said it was expanding its workforce of 20,000 workers by more than 30 percent to meet its growing needs.
TaDoo has struggled with the financial crisis, which has caused layoffs at other tech companies, including Google.
But its turnaround has been driven by the help of its customers and its strong financial performance, which it reported Thursday.
TaDaOos stock has been on a tear since its stock plunged on the news of the merger announcement.
The stock has jumped more than 20 percent in the past two years, and the company is expected to have a profit of about $8.6 million this year and $10.6 billion in 2021, according to an analyst report from Cowen and Company.