Monzo centre to create 300 jobs
Boost: Digital bank Monzo is to create more than 300 jobs in Cardiff, in a major boost to Wales’s fintech ambitions. The Londonbased start-up bank is to open a customer operations centre in the Welsh capital, creating 312 jobs over the next four years, after receiving £950,000 of support from the Welsh Government.
Monzo, which launched four years ago, is the first challenger bank to set up operations in Wales and joins industry giants Lloyds Banking Group, Barclays and HSBC which also have hubs in Wales. The Welsh Government is aiming to persuade more fintech companies to move to Wales.