Tom Blomfield’s Mondo is one of a number of unique startups hoping to tap into customers’ increasing employ of digital technology as branch employ falls steeplyIt was 21 May,and a historic moment for Tom Blomfield. Stood at a cash machine in Clerkenwell, central London, and the ambitious young entrepreneur withdrew money from a brand unique account with a unique bank at which he was the only customer.
Five weeks later,Mondo has 30 customers testing its prototype account. Blomfield – a former management consultant now on his third business startup, all before the age of 30 – said a crunch assembly with the Bank of England on Wednesday would determine whether Mondo gets the formal recede-ahead to apply for a banking licence. The full process would take another six months.
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Source: theguardian.com