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Curve co-founder joins challenger bank Monzo as COO

Curve co-founder joins challenger bank Monzo as COO
From TechCrunch - August 11, 2017

In an example of more revolving doors in Londons heated fintech space, TechCrunch has learned that Curve co-founder Tom Foster-Carter is joining Monzo. As of Monday, he takes up the role of COO at the digital-only challenger bank, with some aspects subject to regulatory approval.

At Curve, a platform that lets you consolidate all your bank cards into a single card and manage your money, Foster-Carter held the position of Head of Operations, which I understand is being filled by newly promoted Rona Ruthen. Prior to Curve, he was COO at kids banking app Osper, as well as spending three months at another London-based challenger bank Tandem.

In a brief call with Foster-Carter this morning, he confirmed that he has left Curve and taken up the COO position at Monzo. He stressed that he remains friends with Curve founder and CEO Shachar Bialick, who recruited him to co-found Curve in March 2015 in addition to Anna Mostyn Williams, who has also since left the startup.

He said that after raising Curves Series A the pair agreed it was best to part ways. He remains bullish on Curve and the startups team (where he remains a minority shareholder), but is also excited to join Monzo, which, based on its weekly growth, he says is definitely onto something.

Curve co-founders Shachar Bialick and Tom Foster-Carter have agreed to part ways amicably, with Bialick staying on as CEO and Rona Ruthen being promoted to Head of Operations, said Curve in a statement. Ruthen was previously Payments Operations Manager at Payoneer and brings a fantastic range of fintech skills and experience to the role. With the Series A funding round recently closed, the business is now focused on scaling up on its mission to simplify the way people spend, send and see their money.

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