SurchX, a software company that enables retailers to recover losses from merchant processing fees, opened its new operations center in downtown Phoenix, Arizona.

Previously located in Tempe, Arizona, the new space will facilitate SurchX's accelerated growth as the company expands in the U.S., including hiring more than 150 employees over the next 12 months. In addition, SurchX is also now eligible to apply for Quality Jobs tax credits through the Arizona Commerce Authority (ACA).

"Downtown Phoenix is vibrant and innovative, we're thrilled with our new space and the opportunity it brings to continue building and investing in our A-team," said Robert Maynard, Founder of SurchX. "As we ramp-up for launch early next year, we look forward to helping more merchants improve their margins by recovering lost profits from credit card processing fees."

"SurchX is revolutionizing the way companies handle credit card transactions by providing merchants with cutting-edge technology," said Governor Doug Ducey. "With the establishment of its corporate headquarters in Arizona, SurchX will create 400 high-value jobs and add to the strength of Arizona's innovation ecosystem."

"We're excited that SurchX recognizes Arizona as the best place to test, launch and scale their innovative new financial technology," said Sandra Watson, President & CEO of the Arizona Commerce Authority. "Our state continues to be a top location for tech job growth, thanks to companies like SurchX."