Monzo

Initial investment into Synch Payments made before Christmas

Application did not contain enough information, competition commission says

Synch Payments is a joint venture between AIB, Bank of Ireland, Permanent TSB and KBC

Bank of Ireland, AIB, Permanent TSB and the Irish arm of Belgian bank KBC have come together to set up Syntech Payments to launch a digital app

Retail customers of digital bank rose from 3.5 million to 10 million last year

Round includes Y Combinator Continuity, Latitude Venture Partners, General Catalyst and Stripe

Digital bank previously raised $300 million to fund international expansion in US and Asia

Gary Hoffman has been appointed chairman of the fast-growing digital bank, sources say

Monzo obtained passporting rights to operate in the Republic earlier this year