Tom Blomfield is the co-founder and CEO of Monzo. A former management consultant and VP of growth at Grouper, his first experience with fintech was in 2010 when he co-founded GoCardless.
He co-founded the app-only ‘neo-bank’ Monzo in 2015, which currently serves over one million customers and is valued at £1bn. In this in-depth interview, he describes the “monumental challenge” of investing in technology faced by traditional banks, reveals there has been a 70% reduction in betting behaviour since introducing a ‘gambling block’, and argues there is no reason why every person worldwide can’t have a fully functioning bank account.
