Web Summit is to move its financial technology conference MoneyConf from Dublin to Lisbon.

The Irish conference company said the event - which was due to welcome 5,000 attendees to Dublin - will now run alongside the main Web Summit event on November 4th - 7th November.

MoneyConf is also expanding from two to three days.

The conference was due to take place in Dublin from June 10th to 12th.

It comes after Web Summit founder Paddy Cosgrave told attendees at last year's event in Dublin that MoneyConf would remain in Ireland “for the foreseeable future.”

It has previously been hosted in Belfast and Madrid.

Last October, WebSummit announced a new €110m deal keeping the conference in Lisbon for the next decade.

The company moved the summit to Lisbon in 2016 – citing concerns over Dublin’s ability to host large international events.

The Portuguese Government recently estimated that the summit generated over €300m for the country’s economy last year.

More follows ...