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This article was published on February 19, 2010


    Finance start-up Kublax saved? Won’t close after all

    Finance start-up Kublax saved? Won’t close after all
    Martin Bryant
    Story by

    Martin Bryant

    Founder

    Martin Bryant is founder of Big Revolution, where he helps tech companies refine their proposition and positioning, and develops high-qualit Martin Bryant is founder of Big Revolution, where he helps tech companies refine their proposition and positioning, and develops high-quality, compelling content for them. He previously served in several roles at TNW, including Editor-in-Chief. He left the company in April 2016 for pastures new.

    23419v8-max-250x250On Tuesday we brought you the news that UK-based finance start-up Kublax was to close its doors due to funding problems.

    Users of the personal financial management service, that offers an alternative to the popular USA-only Mint.com, can rejoice as it appears a lifeline may have been found.

    An email sent to users today explains that the company is in “advanced discussions” with UK consumer finance website SimplyFinance to find a way to keep the site running. As a result the site is not set to close today as had originally been feared by the company’s founders.

    The full email reads:

    Dear Kublax users and friends,

    We are very happy to report that we are currently in advanced discussions
    with a UK based consumer finance website, SimplyFinance, to find a way to
    keep the Kublax site up and running.

    As a result, our service will not shut down today as we had initially
    feared, and we will be working very closely with SimplyFinance to arrive
    at a long term solution which will allow us to keep the Kublax site and
    services available to you indefinitely.

    We will give you a further update on Monday.

    Tom & Sridhar