Fintech Starling Bank plans to open a new office in Manchester, generating up to 1,000 jobs in the process.
A spokesperson for the company told UKTN that a central site is being looked at but is yet to be finalised and is due to open in the first half of 2023.
The additional jobs will be in operations, software engineering, data science, cyber security and customer service.
Anne Boden, founder and CEO of Starling Bank, said: “What better place to set up shop than in Manchester? As the world’s first industrial city, with three brilliant universities on its doorstep and a thriving technology scene, there was never any doubt that Manchester would house our first step into the North.”
In July the neo bank achieved its first full year of profitability with a pre-tax profit of £32.1m.
Despite the expansion to the north of England, earlier this year London-headquartered Starling cancelled its plans for an Irish subsidiary and decided to follow other priorities.
“We’ve expanded our headcount by 20% this year and only continue to grow,” said Susanna Yallop, chief people officer at Starling Bank. “Our sights are now firmly set on Manchester, where we can draw from its potential workforce of more than seven million, allowing us to grow our headcount even further with some of the North’s finest talent.”
The bank last month blocked customers from making crypto-related transactions with its service.
Manchester employees will join Starling’s other offices in London, Southampton, Cardiff and Dublin.