Monzo has announced that it plans to open a new office in Cardiff, Wales.
The mobile banking platform is working with the Welsh Government and Cardiff Council on a grant application.
Should the grant be approved, the new Monzo office could increase the staff head count by more than 500 over the next three years.
The bank will also be holding a three-month trial which will involve hiring between 20 and 60 new staff in Cardiff.
They will spend their first three months working at a temporary office in Cardiff city centre and will receive all the training and benefits as other team members.
If a permanent Cardiff office does not go ahead, the newly hired staff will remain as Monzo employees, either working remotely or in its London office.
Monzo will be conducting its first assessments in a couple of weeks.
The company now has 171 people working from London HQ and another 67 working remotely, with customer operations being its fastest growing team.
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