blomfield in A Sentence

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    At the same time, Blomfield downplayed Monzo's expansion plans in Europe, saying:“Europe is tricky.

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    However, Blomfield insists that Monzo's per account running cost has continued to fall, from £65 last September to just £10 today(versus £150+ in a traditional bank).

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    With a fresh £85 million($111.6 million) in the bank, quite literally, CEO and founder Tom Blomfield told Forbes that he's already looking to raise even more money in 2019 to launch Monzo's long-mooted U.S. expansion.

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    An additional £20 million($26.2 million) is already set to be raised later this year(technically part of this current funding round), via a crowdfunding campaign that Blomfield says will be open exclusively to Monzo customers via the bank's app.

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    Blomfield also boasts that Monzo is“about to hit a million customers and on average we have paid close to zero pounds per customer to acquire them”- and while that might have been true in the past, it may not be for much longer.

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