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

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

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, 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

Read next: Facebook: the Wall Street of Fashion

Corona coverage

Read our daily coverage on how the tech industry is responding to the coronavirus and subscribe to our weekly newsletter Coronavirus in Context.

For tips and tricks on working remotely, check out our Growth Quarters articles here or follow us on Twitter.