Some have gone on to start up other successful companies, while others have chosen a quieter life, away from the pressures of being an entrepreneur.
It takes a certain type of person to start a fintech, let alone make it a successful one, and with all the movement going on in the current era we thought it wise to take a look at what those founders are up to now.
As companies grow and expand, it’s only natural that the original team often move elsewhere or step into more community-focussed, rather than managerial, roles.
So, without further ado here is a (non-exhaustive) list of what the founders of some of the UK’s most popular fintechs are up to.
Of the five founders of peer-to-peer lending platform, Zopa, only one remains at the company.
Giles Andrews was one of the founding members of the fintech back in 2004 and eventually became chairman of Zopa in 2015.
Tim Parlett, Zopa’s former CTO and COO, now works as an independent advisor but has held senior roles at the likes of Ladbrokes and TUI since his departure from the company.
Former CEO of the now-bank, James Alexander, has worked with several charities since he left Zopa in 2009 including the RSPB and the Suffolk Wildlife Trust Limited.
David Nicholson, former business architect of Zopa, has since gone on to start his own company, financial API and payment processor Yoyo Wallet, which he founded in May 2013.
Nicholson previously held the position of chief product officer at Yoyo, before departing in November 2014, only to return, this time as COO, in June 2017.
Sadly, the fifth co-founder and CEO Richard Duvall died following a short battle with cancer in October 2006, just over a year after he helped to co-found the alternative lending platform.
GoCardless was founded in 2011 by Hiroki Takeuchi, who remains as CEO, Tom Blomfield and Matt Robinson, who has since gone on to found proptech Nested.com, which helps people sell and buy their homes.
No prizes for guessing what Tom Blomfield did after he helped found GoCardless. If you’re struggling, please see ‘Monzo’ below.
Robinson’s Nested.com has, to date, rehomed 537 Londoners, saved home buyers and sellers over £1.7m and raised a total of £165m in funding.
SME finance solution provider MarketFinance was founded in 2011 by current CEO Anil Stocker, managing director Ilya Kondrashov and former CEO Charles Delingpole.
While both Stocker and Kondrashov remain at the fintech, Delingpole, who also founded popular website The Student Room, went on to start another company.
Delingpole founded regtech ComplyAdvantage in 2014 and has remained at the helm of the fintech ever since.
ComplyAdvantage uses machine learning to spot risks across the databases of financial companies and help prevent money laundering and financial crime.
The fintech has raised just shy of $40m to date, including a $30m Series B in January of last year, and has over 500 customers across 75 countries.
Delingpole has also carried out several angel investments including, most recently, participating in Credit Referencing Agency Credit Kudos’ £5m Series A fundraise.
One of the most notable shifts to have happened in the fintech world occurred in May of this year when long-time CEO and co-founder of Monzo, Tom Blomfield stepped down from his role at the helm of the digital bank and into a newly-created position of President.
Blomfield was not the only co-founder of Monzo to depart the fintech this year, Paul Rippon, the former deputy CEO also stepped down.
Fellow co-founder and former chief customer officer, Jason Bates, has also since gone on to found his own company.
Bates co-founded financial consultancy firm 11:FS in 2016 with David Brear, with the pair acting as deputy CEO and group CEO, respectively.
11:FS has found itself treading on thin ice as a result of the coronavirus pandemic, with both Bates and Brear taking a 75 per cent pay cut, staff being made redundant and 15 per cent of the workforce being placed on the government furlough scheme.
Of the original five Monzo founders, only one, Jonas Templestein (né Huckestein), remains in any day-to-day capacity at the bank following Blomfield’s departure from Monzo’s board early this month.
Templestein recently stepped into the role of CTO following the departure of early employee Meri Williams, who had been at the bank since 2018.
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