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Fintech OpenMoney given safe harbour by chamber after takeover and job losses

OpenMoney had been located in the ABC Building in Quay Street

Elliot House, Manchester(Image: Google)

Fintech company OpenMoney has relocated to Greater Manchester Chamber of Commerce's offices following a last-minute takeover deal and the loss of 50 jobs.

The business, along with its WorkLife arm, has moved into the chamber's base in Elliot House on Deansgate.

OpenMoney had been located in the ABC Building in Quay Street.

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In April, BusinessLive reported that jobs had been put at risk at OpenMoney after a takeover deal was agreed.

The company underwent what was described as an "essential restructuring" with employees at its headquarters and on the operational side of the business most affected.

The company was sold by founders Duncan Cameron, who set up Moneysupermarket.com, and Anthony Morrow to entrepreneurs Will Mallard and Patrick Leahy.

The founders have retained a minority stake in the business. Mr Morrow left the business in 2020 but returned at the start of this year.