On Friday, Monzo announced it is seeking to open a new office in the city of Cardiff. According to the challenger bank, its London office is currently bursting at the seams, with 171 people working in its headquarters and 67 working remotely.
“To help us continue growing this team in a sustainable way, we’ve decided to explore opportunities for opening an office outside of London! This presents us with several benefits that we’re really excited about, especially the opportunities to bring good jobs to areas outside London and the chance to grow an increasingly diverse team.”
Monzo stated that it is working with the Welsh Government and Cardiff Council on a grant application that, if successful, will make opening in Cardiff a really great and viable option.
“Before we fully commit, and whilst we are working on our grant application, we’re kicking off a three month trial which will involve hiring between twenty and sixty new staff in Cardiff. They will be permanent Monzo employees who will spend their first three months working in a temporary office in Cardiff city centre and will receive all the training and benefits of every other team member. If the test goes well, and the grant application is approved, our new Cardiff COps will be the first cohort in an office that could grow to more than 500 over the next 3 years. If not, and a permanent Cardiff office doesn’t go ahead, they will still be guaranteed roles within Monzo, either working remotely or in our London office.”
Monzo added its first assessments will be in a couple weeks.