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  1. ITV Report

More than 300 jobs created with new Cardiff office of mobile-only bank Monzo

More than 300 jobs are set to be created in Cardiff after Monzo announced it will open a new office in Wales.

Following Welsh Government support, the mobile-only bank is planning to open a new customer operations centre in Cardiff city centre that will create 312 new jobs over the next four years.

The Welsh Government is providing £950,000 of support to the move.

The digital bank's smartphone app provides its customers with an analysis of their spending habits.

The bank says it currently has 1.3 million customers, with more than 100,000 new users signing up each month.

Welsh Economy Minister Ken Skates says he is proud the Welsh Government has supported the bank's expansion into Wales.

Our Economic Action Plan is clear on our commitment to supercharging the industries of the future and supporting businesses to innovate and compete in a rapidly evolving market place.

Monzo's innovative business model, its ground breaking functionality and rapid growth has seen it quickly evolve into one of the world's leading digital banks and as a Welsh Government we are proud to have supported its expansion into Wales.

I look forward to Monzo joining our thriving Financial and Professional Services Sector here in Cardiff and in doing so creating 312 high quality customer service jobs right in the heart of our capital.

– Economy Minister Ken Skates

Monzo says it is recruiting for customer operations roles in Cardiff and will shortly be moving offices in the centre of Cardiff, overlooking the castle.

I'm very excited for us to be expanding our presence in Cardiff and continuing to provide amazing customer support for our 1.3 million customers.

Over the next few years, we'll be hiring hundreds of people into our Cardiff office as we grow our customer base by millions more people.

– Tom Blomfield, Monzo's CEO