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.
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.