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This article was published on February 26, 2010


    Personal finance start-up Kublax definitely dead

    Personal finance start-up Kublax definitely dead
    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.

    After a rocky couple of weeks Kublax, the UK-based personal finance service, has confirmed it is definitely closing.

    Early last week the start-up’s founders sent an email to users informing them that the service was to close due to problems with funding. Last Friday it looked like the company might have found salvation as it announced it was in talks with SimplyFinance to keep the service running.

    However, a new email to Kublax customers today indicates that those talks have broken down the the service is definitely to close:

    Dear Kublax users and friends,
    It is with great sadness that we have to announce that we were not able
    to find a solution that allowed Kublax to live on. Many thanks for all
    your supportive messages over the past week.
    Kind regards
    Tom & Sridhar

    Dear Kublax users and friends,

    It is with great sadness that we have to announce that we were not able to find a solution that allowed Kublax to live on. Many thanks for all your supportive messages over the past week.

    Kind regards

    Tom & Sridhar

    Personal finance services in the UK have failed to capture the public’s imagination in the way Mint.com has in the USA. As yet, UK launch from Mint does not appear to be on the horizon.