Braintree doubling its headquarters space with a move to the Merchandise Mart

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Payment startup Braintree, one of Chicago’s fastest-growing companies, is anticipating even more growth with a move to the Merchandise Mart.

The company, which has about 300 employees across its Chicago, New York and San Francisco offices, will be more than doubling its headquarters in Q3 when it moves into the 60,000-square foot space.

All this growth was fueled by PayPal’s $800 million acquisition of the company last year. eBay, PayPal’s parent company, officially closed the deal in December to boost PayPal’s mobile presence. Braintree, which is led by CEO Bill Ready, increased its own mobile consumer usage in a 2012 acquisition of Venmo. As the mobile payments space continues to boom (PayPal forecasted about $20 billion processed last year, according to Techcrunch), Braintree and PayPal will be hitting even more impressive growth numbers.

“Without question, we’re entering a period of far-reaching disruption that will revolutionize money,” PayPal president David Marcus said in a blog post. “We believe that most of this disruption will be driven by innovative payment technologies that make shopping experiences meaningfully faster, easier, more fun, and more personal for consumers, and significantly more valuable for merchants.”