A lot of people know about Tom Blomfield UK Jan Heartechcrunch a British entrepreneur who is known as the founder and CEO of the mobile payment app Monzo. Now, Blomfield has announced that he is leaving his company, and this article will give you a glimpse into his life and career.
Blomfield UK Jan Heartechcrunch
Tom Blomfield is leaving Monzo
Monzo is a fintech company that has been gaining traction across the UK since its launch. With almost 5 million customers, the bank is a major challenger to traditional banks. Its sleek app has swept millennials off their feet Blomfield UK Jan Heartechcrunch.
Tom Blomfield, the co-founder of Monzo, has announced that he is leaving the UK-based startup in January. The move came after he realized that running a business had taken its toll on his mental health.
While he says he enjoyed building the business from scratch, he was not content with the growth. He told MT that he had stopped enjoying his role a few years ago.
During his time at the startup, he faced several challenges. He says that constant worries about critical news coverage and trying to attract investors took a toll on his mental health.
After a few months, he said he was ready to take some time off. Now, he is working on a vaccination program. He has also begun to look for developers to work on a side project. This will give him the chance to return to his coding roots.
But now that he has been removed from the bank, he will no longer be involved with its day-to-day operations. He will still have a stake in the company, however.
In a recent interview with Techcrunch, Blomfield explained his decision to leave Monzo. He cited several factors, including the stresses of the pandemic and a lack of profitability. However, he added that he did not expect the problems to continue.
According to him, the fallout from the COVID-19 outbreak took its toll on his mental health. He added that he will be volunteering to help with the vaccination rollout.
His blog also details his meetings with SoftBank investors. Blomfield says that he had pitched the Japanese firm several times to invest in Monzo.
At the start of the year, he stepped down from his role as CEO of Monzo. Last May, he became the president of the fintech, which was a newly-minted title.
During his time as CEO, Blomfield was responsible for the growth of the company. Monzo has gone from being a small, scrappy startup to a fully licensed bank worth more than PS1bn.
Tom Blomfield is a British entrepreneur
Tom Blomfield is the CEO of Monzo, a modern-day bank headquartered in London. The company boasts a small staff but is expanding rapidly. Since its launch in 2015, Monzo has grown to two million users. Customers have spent PS5 billion using their Monzo cards.
Amongst the many entrants into the fintech fraternity, Blomfield stands out. He was nominated for the Top 5 Entrepreneurs Under 30 award by the European Commission. His name popped up in a few lists, including Forbes’ Best Banks and the European Commission’s Top 25 Fintech Companies.
As a youngster, Blomfield learned programming. He also got into a bit of sport. However, the best part of his career came when he decided to make a go of it himself.
For years, Blomfield was involved in a range of different businesses. In addition to his banking experience, he worked for various companies, including an airline refurbishment company, a frozen pizza business, and two law firms.
During his university days, Tom studied law at Oxford. He also played a lot of tennis. One of his first achievements was a beginner’s guide to the internet, which he built himself. A couple of years later, Tom decided to create his own website. This one was not only a novelty, it was a technological feat.
He also started a dating site. This is a pretty savvy move, as it allowed him to see the pitfalls of online dating. While it was a success, it wasn’t long before he got bored Blomfield UK Jan Heartechcrunch.
Eventually, Tom found himself in New York. His old friends from Oxford had left management consultancy and were taking off on their own. They needed some help with their website and asked Tom to put together a few things. Fortunately for him, his experience with tech startups proved useful.
To this day, he still maintains a good relationship with the founders of Direct Debits Processing. So, while he’s still doing his part to ensure a smooth rollout of the COVID-19 vaccination program, he’s also looking to shake things up with his own start-up.
Tom Blomfield’s entry into the Fintech world may not be as grand as some of his contemporaries, but his tenacity and determination have paid off.
Tom Blomfield’s career
Tom Blomfield, co-founder and CEO of Monzo, is the man behind one of the most innovative and innovative banking companies in the UK. Using a mobile app to connect you with a plethora of banking partners, the company is on track to become the go-to fintech provider in the EU. After launching in early 2015, it has already raised bridge funding and is set to relaunch as a fully regulated bank in August. Having a top notch leadership team in place, the bank is laying the groundwork for a successful expansion into other territories.
The Monzo mobile app isn’t just for millennials though. In fact, Blomfield claims that there are five million Monzo users worldwide. And while there’s no denying the fact that Millennials are the future of the financial industry, the company is trying to make it easier and more convenient for everyone to access their money. As such, it’s introducing new products and services that will delight current customers and attract new ones. Some of the products include a new payment scheme, an insurance product, and even a new mortgage product.
Aside from a few mishaps along the way, the company has managed to carve out a niche for itself in the mobile banking arena. For instance, it was the first UK fintech company to launch a digital payment service, a feat mirrored by rival rivals such as Barclays and HSBC.
Tom Blomfield’s personal life
Tom Blomfield is a British entrepreneur. He is co-founder of two $1bn+ fintech companies, Monzo and GoCardless, which both raised venture capital. In addition, he’s an angel investor and has backed 26 startup rounds in the last year.
Born in Hong Kong, Blomfield attended law school at Oxford before completing a Masters in Law in 2007. He’s been involved in the finance industry since his teenage years, working at a small accounting firm and a fintech company. Before founding Monzo, Blomfield co-founded a banking startup called Starling, but he got burned twice within six months.
After the startup failed, he worked at a strategy consulting firm in Silicon Valley for two and a half years. After his stint there, he left to work for a social club in New York. However, he decided to go back to tech after his father, a civil engineer, was in a car accident.
After his time at Grouper, Blomfield decided to move to Silicon Valley and start a fintech startup with Hiroki Takeuchi and Matt Robinson. They called their new venture GoCardless, and it was launched in 2011. It received an investment from Y Combinator and PS35 million in funding. But it struggled to raise seed capital, and it ran for three years before Blomfield needed to find a new job.
Last year, Blomfield founded the new bank Monzo, which is designed for smartphone users. The start-up had a series of problems, and it had to shut down its Las Vegas office. Blomfield has taken a step back from his position as CEO of Monzo, and he has taken the opportunity to step back and think about his future.
Aside from his role at Monzo, Blomfield continues to invest in startups and give talks about the future of the fintech industry. He’s also been working on a side project that he wants to get back into coding. That has led to speculation that he’s starting a new venture. His stake in Monzo is worth PS140 million, and he’s no longer on the board of the bank. So what will Blomfield do next Blomfield UK Jan Heartechcrunch?