‘I suffered anxiety’: Monzo founder on the pressures of running a digital bank

Tom Blomfield on mental health, the Covid-19 crisis – and the myth of superhero tech bosses

Tom Blomfield was not prepared for the stress that the Covid-19 crisis would unleash on the banking sector and his own mental health. The 35-year-old Monzo founder was already struggling to meet the daily demands of running a digital bank that had grown to nearly 5 million customers and had become a success story for Britain’s fintech sector.

Constant worries about wooing investors, generating revenue, and increasingly critical news coverage that the burgeoning bank was attracting, were clearly taking their toll.

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