Tom Blomfield takes first fintech board position since departure from Monzo

By Aisling Finn on Wednesday 7 July 2021

Digital Banking

Blomfield participated in Generation Home’s Series A last month before being appointed to the board earlier this week.

Tom Blomfield takes first fintech board position since departure from Monzo
Image source: Tom Blomfield/Monzo

In just over a year since he left Monzo, Tom Blomfield has begun to dabble in angel investing, and with that comes a new board position.

After participating in Generation Home’s latest Series A as an angel investor, it has now been announced that Blomfield will sit on the proptech’s board.

Born out of their own home buying frustrations, husband and wife duo Will Rice and Sophia Guy-White founded Generation Home in 2019 to help change the way people buy houses.

The fintech is creating a better way to buy homes, with the support of family and its fractional ownership platform, to increase borrowing power, security of funds and create a hassle-free way of buying a home.

Prior to Generation Home, Blomfield also invested in payroll automation startup Pento’s $15.6m Series A along with Matt Robinson, Blomfield’s fellow GoCardless co-founder.

Other prominent angel investors include Alex Bouaziz co-founder and CEO of remote working fintech Deel, Freddy Macnamara, founder of pay-as-you-drive insurance specialist Cuvva, Eric S. Yuan, founder and CEO of Zoom and Timothy Thairu Stripe’s first lead engineer. 

Not one to stray too far from fintech, Blomfield revealed that he was dabbling in angel investing after first picking up the baton back in 2018. 

The serial fintech entrepreneur revealed in a podcast that aired last week, that he had ”made 7 or 8 angel investments in the first half of 2021 and I’ll probably make another 7 or 8 by the end of the year.” 

As well as the departure of Blomfield, Monzo has seen several high-level executives depart the fintech.

In 2020 we saw the departure of co-founder and deputy CEO Paul Rippon, Monzo’s CTO Meri Williams left in March 2020, prompting co-founder Jonas Templestein to step back into the CTO position and community specialist at Monzo, Simon Balmain.

Monzo also lost its VP of marketing Tristan Thomas, who joined the bank back in September 2015 when there were only 15 other employees, its chief risk officer Lisa Nowell, who left the role after just over a year and its chief credit officer Tim Trailor, who left the digital bank for alternative lender Capital on Tap.

More recently, Monzo co-founder Gary Dolman joined new start-up Tip Jar as an advisor to its board.

The digital bank has also made a series of appointments in recent months. Most recently, Carol Nelson stepped into the role of US CEO after former US CEO TS Anil became Group CEO after Blomfield’s departure. 

Monzo appointed former Amex exec, Sujata Bhatia as its COO and also appointed former Tandem Bank chief growth officer Kunal Malani as Monzo’s  new head of borrowing

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