fintechfutures.com/2021/01/vc-inv…, . Currently, Just's virtual offering is in beta. Informa PLC is registered in England and Wales with company number 8860726 whose registered and Head office is 5 Howick Place, London, SW1P 1WG. One of the most well-known UK fintech CEOs Tom Blomfield, co-founder of Monzo, is leaving the leading neo bank, citing personal pressures heightened by the pandemic among other reasons.. Blomfield, who also co-founded Gocardless, and had also worked at Starling Bank with Anne Boden in its early days, revealed in a candid interview with Techcrunch, … The move to president from CEO was designed to give Blomfield time to “get well” and review his time at Monzo – with the possibility of fully exiting on the table back then too, according to TechCrunch. Tom Blomfield / Monzo CEO. “I don’t think I was any different, so I was really struggling. Tom Blomfield, founder of Monzo, is leaving the U.K. challenger bank, citing "challenges" from the pandemic, a report from TechCrunch says. Our CEO, Tom, reflects on what we achieved in 2019 and gives a sneak peek into what we’re working on this year. to allow for analysis of how people use our website in order to The soon-to-be former president realised he was “doing too much and not enjoying it”, acknowledging that the “scrappy start-up” days were officially over. The U.K. entrepreneur traveled to … The business was … His exit is set to come into effect at the end of January, and follows Blomfield’s decision to move roles in May, from CEO to president. At the last count, Blomfield had a 7% stake left in Monzo. Source: I am the CEO.”. Monzo founder, Tom Blomfield, has announced his departure from the challenger bank, after founding the fintech back in 2015. Monzo founder Tom Blomfield has announced he is leaving the challenger bank after he stopped enjoying his role.. Blomfield, who co-founded the bank in 2015, announced in May 2020 that he was stepping down as CEO and would take on the role of president. Blomfield held the role of CEO until May last year when he assumed the newly created title of president and resigned from the Monzo board. Monzo founder-turned-president Tom Blomfield is leaving the UK challenger bank, marking the end of an era for a company that he took from a little startup back in 2015 to one of the most valuable fintechs in Europe with 5m users. Tom Blomfield, a 35-year old Oxford graduate, has placed on the 1000 wealthiest people in the UK. Monzo founder, Tom Blomfield, has announced his departure from the challenger bank, after founding the fintech back in 2015. Copyright © 2021 Informa PLC. Currencycloud talks tech, structure, product development and bank relationships. His exit is set to come into effect at the end of January, and follows Blomfield’s decision to move roles in May, from CEO to president. rumours which suggested both had gone bust, Monzo’s Tom Blomfield swaps CEO title for president role, Vietnamese "super app" hopeful MoMo lands $100m Series D, Video: Top fintech stories this week - 15 January 2021. Tom Blomfield, the founder of startup bank Monzo, is leaving the company at the end of the month, citing struggles with pandemic-related stress and frustrations leading a large bank. TechCrunch reported on Wednesday night that Monzo staff had been informed of Blomfield… View Tom Blomfield’s profile on LinkedIn, the world’s largest professional community. In a statement on Mr Blomfield’s departure, Monzo said: “Tom is an incredible entrepreneur who, with his co-founders, built Monzo from the ground up with a determination to be transparent, put customers first and make … New York cash advance app Brigit reveals $35m Series A. Brigit’s CEO is a former Deutsche Bank and Infosys executive. Form3 to provide real-time payment processing, clearing and settlement. UK fintech Just lands court backing to undercut bailiff industry. Monzo Bank Ltd (/ ˈ m ɒ n z oʊ /), is an online bank based in the United Kingdom. Goldman picks Marqeta to power Marcus current account rollout. Image source: Tom Blomfield/Monzo. What the Fintech? See the complete profile on LinkedIn and discover Tom’s connections and jobs at similar companies. Click here for more information on our. Innovation in commercial lending with special guest, Dean Snyder, EVP at AFS. “COVID-19 just exacerbated things,” Blomfield told TechCrunch. Monzo founder Tom Blomfield is departing the U.K. challenger bank entirely at the end of the month, staff were informed earlier today. Monzo in 2020: looking back and looking forward. Monzo’s co-founder, Tom Blomfield, has left the challenger bank’s board, according to a Companies House filing. Monzo HQ 9 January 2020 . TechCrunch fait partie de Verizon Media. Save my name, email, and website in this browser for the next time I comment. TechCrunch - Monzo founder Tom Blomfield is departing the U.K. challenger bank entirely at the end of the month, staff were informed earlier today. The fintech lodged its banking licence in the last quarter of 2020. Blomfield served as been CEO of Monzo … Monzo HQ 9 January 2020 . Aion Bank signs payments processing deal with Form3. fintechfutures.com/2021/01/simcor…, Female-founded fintechs accounted for 17% of the UK’s total fintech VC investments over 2020, up 6% from 2019 Amid the coronavirus chaos, Monzo and Revolut were also forced to combat – what later emerged to be “fake news” – rumours which suggested both had gone bust and that Monzo specifically had stopped paying staff. Tom Blomfield is no ordinary bank CEO. Tom Blomfield / Monzo CEO. Monzo in 2020: looking back and looking forward. Tom Blomfield, the founder of startup bank Monzo, is leaving the company at the end of the month, citing struggles with pandemic-related stress and frustrations leading a large bank. Image source: Tom Blomfield/Monzo. Blomfield held the role of CEO until May last year when he assumed the newly created title of president and resigned from the Monzo board. The digital-only bank now has nearly five million customers and 300 staff at its offices in London and around the world. Monzo Bank Limited is a company registered in England and Wales (No. It saw Monzo’s valuation plummet 40%, from £2 billion to £1.25 billion, in its first 2020 funding round, and the challenger placed 295 members of staff on the UK voluntary furlough scheme – as well as shuttering its Las Vegas office. Monzo founder Tom Blomfield is departing the U.K. challenger bank entirely at the end of the month, staff were informed earlier today. “It has given me the time and space to recover. Tom Blomfield cofounded Monzo in 2015 and was chief executive until last year. Posts by Tom Blomfield on the Monzo blog. Tom has 5 jobs listed on their profile. While at Oxford, he received a £1,000 prize from a business plan competition, proposing an "eBay for students" in 2004. Required fields are marked *. “I stopped enjoying my role probably about two years ago,” he told TechCrunch this week. I think those are huge exciting challenges. Our CEO, Tom, reflects on what we achieved in 2019 and gives a sneak peek into what we’re working on this year. Monzo’s co-founder Tom Blomfield made headlines back in May when it was revealed that he would step down from his role as CEO and become President of Monzo.. Monzo co-founder Tom Blomfield is standing down as chief executive to take up a new position as the payment company’s president, after waiving his salary for a year to save costs amid coronavirus. Advertisement. Monzo founder Tom Blomfield is departing the U.K. challenger bank entirely at the end of the month, staff were informed earlier today. He explains: “Taking on a bank that’s three, four, five million customers and turning it into a 10 or 20 million customer bank and getting to profitability and IPO-ing it. Vous pouvez modifier vos choix à tout moment dans vos paramètres de vie privée. Blomfield himself decided to forgo his salary for a year and top executives took a 25% pay cut. Tom Blomfield, founder of Monzo, is leaving the U.K. challenger bank, citing "challenges" from the pandemic, a report from TechCrunch says. Marcus plans to launch its new accounts later this year. — Tom Blomfield (@t_blom) January 20, 2021 The digital-only bank now has nearly five million customers and 300 staff at its offices in London and around the world. He told a reporter that the business struggled to raise money due to difficulties connecting with investors. ... also questioning Anil’s ability to oversee UK regulation. Blomfield says Monzo’s board wanted him to remain as CEO longer than he did, dispelling rumours the board forced him out. fintechfutures.com/2021/01/santan…, A thing apart The filing states that the termination occurred on 17 June 2020, nearly a full month after news of Blomfield’s new role broke. UK digital bank Monzo plans to hire 500 and relaunch paid accounts. Blomfield places 858/1000 on the rich list where people are ranked by net wealth. Blomfield personally responded to the Twitter storm, affirming: “Monzo is not going bust. Tom Blomfield, the founder of startup bank Monzo, is leaving the company at the end of the month, citing struggles with pandemic-related stress and frustrations leading a large bank. Read next: Monzo’s Tom Blomfield swaps CEO title for president role. Monzo cofounder Tom Blomfield is stepping down as chief executive of the UK challenger bank as the coronavirus pandemic continues to bring added pressure to the fintech sector. According to TechCrunch, Blomfield voiced his unhappiness to investor, Eileen Burbidge, founding partner of Passion Capital, and Monzo chair, Gary Hoffman, back in early 2019. The fintech entrepreneur, who has signed up to be a volunteer vaccinator in the UK – which any citizen can do through St John’s Ambulance – says he may take himself on holiday in the next few months, post-lockdown. Tom Blomfield announced on Wednesday night that he is exiting Monzo for good. But then Monzo is no ordinary bank. Blomfield told TechCrunch back in May last year: “I went through all the stuff I love about my job, and it was all the stuff I did in the first two or three years.”. Our response to the BBC Watchdog report: Why we sometimes have to block or close accounts. Tom Blomfield announced on Wednesday night that he is exiting Monzo for good. Tom Blomfield announced his plans to … Meet Tom Blomfield, 33-year-old do-it-all boss of trendy bank Monzo who wants to file your tax return and stick savings in pots Monzo now has 2million users and an almost cult-like following fintechfutures.com/2021/01/spectr…, . Blomfield co-founded Monzo back in 2014 and held the title of CEO until May 2020 when he moved to a new role of President. The two have made progress with the fintech’s financials. The challenger bank, which he co-founded in 2015, may not have been the first UK … The founder of Monzo has said he stopped enjoying the company’s top job around two years ago as he announced he was leaving the challenger bank. View Tom Blomfield’s profile on LinkedIn, the world’s largest professional community. TechCrunch reported on Wednesday night that Monzo staff had been informed of Blomfield… “COVID-19 just exacerbated things,” he tells TechCrunch. About Monzo … Blomfield's two partners in the business went to Silicon Valley and went on the Y Combinatorprogramme, however he did not attend due to university examinations. Monzo founder Tom Blomfield is to depart the UK challenger bank at the end of the month after admitting that the pressure of growing the firm in the … Monzo HQ 18 October 2019 . Whilst Blomfield admitted he was struggling pre-pandemic, when COVID-19 hit, it threw another spanner in the works. Existing customers can get help via the app. “The options today are mobile money or banks,” says CEO. @santanderuk nabs HSBC man Rakshit Kapoor as new chief data officer @SimCorp SFTR solution goes live at Denmark’s ATP Our response to the BBC Watchdog report: Why we sometimes have to block or close accounts. "What about tears that are not about life outside the office walls, but life inside them?" “I think [for] a lot of people in the world […] going through a pandemic, going through lockdown and the isolation involved in that has an impact on people’s mental health,” Blomfield adds. Découvrez comment nous utilisons vos informations dans notre Politique relative à la vie privée et notre Politique relative aux cookies. His sentiment hasn’t changed. Your email address will not be published. The move meant Blomfield would no longer be part of the executive leadership team at the digital bank, stepping into a more community-focused role. Monzo founder Tom Blomfield is departing the U.K. challenger bank entirely at the end of the month, staff were informed earlier today. Monzo was one of the earliest of a number of new app-based challenger banks in the UK.. I’m enjoying life again”. Nos partenaires et nous-mêmes stockerons et/ou utiliserons des informations concernant votre appareil, par l’intermédiaire de cookies et de technologies similaires, afin d’afficher des annonces et des contenus personnalisés, de mesurer les audiences et les contenus, d’obtenir des informations sur les audiences et à des fins de développement de produit. TS Anil, who took over as CEO back in May at Monzo, has steered the fintech through COVID-19 alongside Sujata Bhatia, who joined the challenger as chief operating officer last year. Tom Blomfield started Monzo in 2015. America may have just gained a new president, but London fintech Monzo has lost theirs. Monzo’s founder has also opened up about his “struggle” through COVID-19. More than 100,000 customers pay for either Monzo Plus or Premium, which has helped the challenger ween off interchange fees. Just honestly not ones that I found that I was interested in or particularly good at”. 09446231). fintechfutures.com/2021/01/female…, Raiffeisen Bank International [@RBI_Presse] invests in a Romanian start-up Finqware, [@FINQware] which is driving o… twitter.com/i/web/status/1…, Tom Blomfield [@t_blom] exits @monzo and opens up about mental health during COVID-19 “Going from a CEO where you’re front and centre dealing with all of the different pressures every day to a much lighter role is a huge huge weight off my shoulders. Blomfield served as been CEO of Monzo … As well as customers climbing 1.3 million since 2019, to five million, they have also achieved a total weekly revenue which is now 30% higher than pre-pandemic figures. Alternatively, post a comment by completing the form below: Your email address will not be published. The challenger bank, which he co-founded in 2015, may not have been the first UK … Pour autoriser Verizon Media et nos partenaires à traiter vos données personnelles, sélectionnez 'J'accepte' ou 'Gérer les paramètres' pour obtenir plus d’informations et pour gérer vos choix. Tom Blomfield, founder of digital bank Monzo and former CEO is departing the Fintech entirely at the end of January according to a report.. Blomfield has been slowly exiting the Fintech in … Prospective UK challenger Perenna lands $10m ahead of Q3 launch. TechCrunch reported on Wednesday night that Monzo staff had been informed of Blomfield’s decision to leave the app-only bank. Named Boso.com, it expanded to 50 universities across the UK, and ran the company from 2004 until 2006. Pyypl’s regulation-first approach to MENA starts to pay off. Blomfield held the role of CEO until May last year when he assumed the newly created title of president and resigned from the Monzo board. | S.2 Episode 1 | Innovation in commercial lending. Tom Blomfield announced on Wednesday night that he is exiting Monzo for good. — Tom Blomfield (@t_blom) January 20, 2021 The digital-only bank now has nearly five million customers and 300 staff at its offices in London and around the world. Tom has 5 jobs listed on their profile. This website uses cookies, including third party ones, Tom’s stake in Monzo Bank is valued at £140 million, on the back of a £2 billion valuation of the business. By… twitter.com/i/web/status/1…, https://www.fintechfutures.com/wp-content/themes/fintech_child/assets/images/logo/fintech-logo.png, Under the hood of London payments platform Currencycloud. By continuing to use our website, you agree to the use of such cookies. Monzo HQ 18 October 2019 . 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