Some have gone on to start out up different profitable corporations, whereas others have chosen a quieter life, away from the pressures of being an entrepreneur.
Picture supply: Charles Dellingpole/ComplyAdvantage
It takes a sure sort of individual to start out a fintech, not to mention make it a profitable one, and with all of the motion happening within the present period we thought it sensible to have a look at what these founders are to date.
As corporations develop and increase, it’s solely pure that the unique workforce usually transfer elsewhere or step into extra community-focussed, fairly than managerial, roles.
So, with out additional ado here’s a (non-exhaustive) listing of what the founders of a few of the UK’s hottest fintechs are as much as.
Of the 5 founders of peer-to-peer lending platform, Zopa, just one stays on the firm.
Giles Andrews was one of many founding members of the fintech again in 2004 and finally grew to become chairman of Zopa in 2015.
Tim Parlett, Zopa’s former CTO and COO, now works as an unbiased advisor however has held senior roles on the likes of Ladbrokes and TUI since his departure from the corporate.
Former CEO of the now-bank, James Alexander, has labored with a number of charities since he left Zopa in 2009 together with the RSPB and the Suffolk Wildlife Belief Restricted.
David Nicholson, former enterprise architect of Zopa, has since gone on to start out his personal firm, monetary API and fee processor Yoyo Pockets, which he based in May 2013.
Nicholson beforehand held the place of chief product officer at Yoyo, earlier than departing in November 2014, solely to return, this time as COO, in June 2017.
Sadly, the fifth co-founder and CEO Richard Duvall died following a brief battle with most cancers in October 2006, simply over a yr after he helped to co-found the choice lending platform.
GoCardless was based in 2011 by Hiroki Takeuchi, who stays as CEO, Tom Blomfield and Matt Robinson, who has since gone on to discovered proptech Nested.com, which helps individuals promote and purchase their properties.
No prizes for guessing what Tom Blomfield did after he helped discovered GoCardless. If you’re struggling, please see ‘Monzo’ beneath.
Robinson’s Nested.com has, thus far, rehomed 537 Londoners, saved residence patrons and sellers over £1.7m and raised a complete of £165m in funding.
SME finance answer supplier MarketFinance was based in 2011 by present CEO Anil Stocker, managing director Ilya Kondrashov and former CEO Charles Delingpole.
Whereas each Stocker and Kondrashov stay on the fintech, Delingpole, who additionally based well-liked web site The Scholar Room, went on to start out one other firm.
Delingpole based regtech ComplyAdvantage in 2014 and has remained on the helm of the fintech ever since.
ComplyAdvantage makes use of machine studying to identify dangers throughout the databases of monetary corporations and assist forestall cash laundering and monetary crime.
The fintech has raised simply shy of $40m thus far, together with a $30m Sequence B in January of final yr, and has over 500 clients throughout 75 nations.
Delingpole has additionally carried out a number of angel investments together with, most just lately, collaborating in Credit score Referencing Company Credit score Kudos’ £5m Sequence A fundraise.
One of probably the most notable shifts to have occurred within the fintech world occurred in May of this yr when long-time CEO and co-founder of Monzo, Tom Blomfield stepped down from his position on the helm of the digital bank and right into a newly-created place of President.
Blomfield was not the one co-founder of Monzo to depart the fintech this yr, Paul Rippon, the previous deputy CEO additionally stepped down.
Rippon left the bank to increase alpacas along with his spouse and has since been named as non-executive chair of Newcastle-based banking service GBB.
Fellow co-founder and former chief buyer officer, Jason Bates, has additionally since gone on to discovered his personal firm.
Bates co-founded monetary consultancy agency 11:FS in 2016 with David Brear, with the pair appearing as deputy CEO and group CEO, respectively.
11:FS has discovered itself treading on skinny ice on account of the coronavirus pandemic, with each Bates and Brear taking a 75 per cent pay reduce, workers being made redundant and 15 per cent of the workforce being positioned on the federal government furlough scheme.
Of the unique 5 Monzo founders, just one, Jonas Templestein (né Huckestein), stays in any day-to-day capability on the bank following Blomfield’s departure from Monzo’s board early this month.
Templestein just lately stepped into the position of CTO following the departure of early worker Meri Williams, who had been on the bank since 2018.
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