From the top · 12 January 2017

Ten of the most exciting young entrepreneurs to watch

Amber Atherton
Becoming a successful young entrepreneur takes dedication

Recent research into the entrepreneurial zeal of Britain’s younger generation found that half of all 25 to 34 year-olds secretly harbour thoughts of becoming exciting young entrepreneurs by turning their passion into a thriving new business.

With annual rich lists now regularly boasting billionaire entrepreneurs who have barely reached their 20s, it can be of little surprise that teenage dreams of startup success have become harder to beat than ever before.

With this in mind, Business Advice has put together its list of ten exciting young entrepreneurs to watch at the start of 2017.

The achievements of these youngsters demonstrate the innovative, hard-working and determined mindset necessary to turn an idea into a successful profit making company. Will any of them inspire you to pursue those business plans you’ve been sitting on?

(1) Tom Blomfield, CEO at app-only challenger bank Monzo

Blomfield is disrupting the financial sector

Monzo is one of a growing number of fintech businesses challenging Britain’s financial services with technological nouse and an attitude which puts customers first. It’s a bank for a generation of people reliant on smartphones to access the products and services they need.

In March 2016, 30-year-old Blomfield set a new crowdfunding world record, raising £1m in just 96 seconds for Monzo via Crowdcube. He has since secured a full UK banking license for his app-only bank and announced a new £4.8m venture capital-backed funding round.

Before launching Monzo in 2015, Blomfield was the CEO of GoCardless. The young entrepreneur is now at the helm of one of the UK’s most exciting fintech startups, with a valuation of around £50m. 

(2) Ben Towers, founder at digital media agency Towers Design

Towers started in business aged 11

Having created websites for friends and family since the age of 11, Towers, realising the profit-making potential of his computer skills, founded his Kent-based web design agency in 2011, when he was just 13.

Four years later, Towers Design now employs 15 people, with the business turning over more than £500,000 last year.

Towers’ business offers multichannel digital design and strategy services to “forward-thinking” small UK business owners intent on cracking online marketing without breaking the bank. 

No longer content with having just one entrepreneurial success story, Towers is currently in the process of completing a funding round for his next startup, Social Marley – an online dashboard for business owners to use to manage their range of social media accounts.

Towers’ entrepreneurial drive has even been recognised by the Federation of Small Businesses (FSB) and the Young Entrepreneur Network Association (YENA) – organisations he represents as an ambassador.

Want to discover which former Made in Chelsea star is now one of the most talked about startup founders in the country? Carry on reading for more exciting young entrepreneurs.   

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ABOUT THE EXPERT

Fred Heritage was previously deputy editor at Business Advice. He has a BA in politics and international relations from the University of Kent and an MA in international conflict from Kings College London.

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