The news of Monzo founder Tom Blomfield’s gradual exit from the business he started in 2015 was not as surprising to some in the fintech industry as outsiders might have first thought. 

Blomfield had already stepped down from the day-to-day running of the company as chief executive last year, with the bank’s US head TS Anil taking his place. His subsequent resignation as president last week made sense to those who know him, a founder who has made no secret of preferring the rush of nascent startup life to running a major business.