10 years ago

Mondo: Tom Blomfield's Mobile-First Bank Aims to Disrupt Traditional Banking

  • GoCardless co-founder Tom Blomfield's new startup, Mondo, is a mobile-first, full-stack bank that is building its own banking software from scratch to create a "smart" bank with innovative features

  • The startup is applying for a full banking license and has received seed funding from Passion Capital

  • Mondo aims to offer features such as real-time reporting of withdrawals, geolocation-marked transactions, and peer-to-peer payments with emojis

  • It also has an Apple Watch app in development.

      • ProblemFinancial Services

      "Traditional banks are slow to innovate and offer poor customer experience. The lack of mobile-first solutions makes it difficult for customers to manage their finances efficiently."

      Solution

      "Mondo is building a mobile-first bank from the ground up, using its own proprietary technology to create a modern and intuitive banking experience. This includes real-time reporting, geolocation-marked transactions, peer-to-peer payments with emojis, and an Apple Watch app."

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