Like many of the top entrepreneurs in FinTech, Tom Blomfield won his success by presenting a disruptor challenge to high street banks.
Born in Hong Kong, Tom cultivated an early interest in technology before graduating with a degree in law from Oxford. Years later, this impressive young FinTech prodigy is the CEO and co-founder of Monzo, one of the dominant members of the new wave of banking apps. With customer numbers breaking the 500,000 barrier in early 2018, the firm is in growth mode.
Tom didn’t stamp his reputation with Monzo alone. Previously to Monzo, the entrepreneur had a considerable profile granted by his first business venture, GoCardless. His first FinTech tool offered itself as a direct debit APO that could be plugged into apps and websites.
Nowadays, GoCardless is still used by rail services, government departments, dating sites and more. Since Monzo was founded in 2015, Monzo has climbed through the ranks, achieving the coveted unicorn status in 2018. The appetite for a slice of Monzo is notably intense: One round of Crowdcube crowdfunding raised over £1 million in only 96 seconds.
Tom touts his bank as “The Bank of the Future”; with a growing base and confidence amongst consumers, it could well be believed.Tags: banking, finance, fintech