Mayor Andy Burnham has welcomed digital bank Zopa’s plans to create 500 jobs in Manchester, calling the move a “massive vote of confidence” in the city’s digital and tech sector.

The FinTech will scale its Dalton Place office from 50 to over 500 staff, with roles in product, engineering and retail finance.

Burnham said the expansion underlines Greater Manchester’s status as one of the UK’s fastest-growing digital hubs and a rising force in FinTech.

It comes as Zopa anticipates significant growth for its upcoming financial year, having tripled its profitability compared to the same period last year.