Digital-only bank Monzo gets go-ahead to expand in Ireland

Company has raised more than £100m from backers including the Collison brothers

Monzo said it had no immediate plans to open an office in Ireland, although it hasn’t ruled out doing so in the future, depending on how Brexit works out

Monzo said it had no immediate plans to open an office in Ireland, although it hasn’t ruled out doing so in the future, depending on how Brexit works out

Monzo, a UK-headquartered digital-only bank that has raised more than £100 million (€112 million) from investors that include Stripe, has obtained passporting permission enabling it to operate in the Republic.

The company, which received its full banking licence last April, said the Republic was the first step in the challenger bank’s plans for international expansion.

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