UK challenger bank Monzo is expanding to the Republic of Ireland

Monzo, a digital mobile-only bank based in the UK, has raised more than £100m from investors including Passion Capital, Goodwater Capital and Thrive Capital, and says Ireland is the first step in its plans for international expansion. 

As well as Ireland, Monzo will look to move into other European countries throughout 2018. The firm is also eyeing a potential expansion into the United States.

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