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

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