In a significant endorsement of the UK fintech ecosystem, Tom Blomfield — co-founder of both Monzo and Starling Bank — has made a personal investment in rising startup Monet. This latest development signals continued confidence in London’s status as a global fintech hub and adds credibility to Monet’s mission to revolutionize financial management for freelancers and sole traders.
Who Is Monet?
Monet is a UK-based fintech startup focused on simplifying finances for self-employed individuals — a growing market segment often underserved by traditional banks. The platform offers a suite of tools for income tracking, tax estimations, and automated savings. By bringing modern design and automation to business banking, Monet aims to help freelancers better manage fluctuating cash flow and stay tax-compliant without the hassle of spreadsheets or accountants.
Why This Matters
Tom Blomfield’s involvement is more than just financial — it’s a strategic signal. As the visionary behind two of the most successful digital banks in the UK, Blomfield’s track record in building user-centric, scalable fintech products is unmatched. His endorsement of Monet suggests that the startup is tackling a real problem with serious growth potential.
With millions of UK workers now freelancing or running solo ventures, tools like Monet are positioned to fill a critical gap in the market. The investment will help Monet scale its offerings, expand its product development, and reach a broader base of self-employed professionals.
UK Fintech Still Thriving
Despite challenging macroeconomic conditions and tighter VC funding, this deal underscores that investor appetite for high-potential fintech innovation remains strong — especially when tied to founders with proven track records.
Monet’s funding round, led by prominent angel investors like Blomfield, also reflects a broader trend in UK fintech: moving beyond neo-banking to solve niche, yet large-scale financial pain points. Whether it’s expense management, tax tools, or income smoothing, fintech startups are now laser-focused on vertical-specific value.
What’s Next for Monet?
With this fresh injection of capital and the backing of one of the UK’s most respected fintech entrepreneurs, Monet is poised to accelerate its growth in 2025. The startup plans to roll out advanced features including invoicing, tax filing integrations, and smart savings targets designed specifically for freelancers.
