Kublax wins further funding

Next Story

Han Solo Carbonite Desk: Exactly what it sounds like, as cool as it sounds

Kublax, a startup site which syncs all your bank accounts, utilities, and loyalty schemes has won a further round of angel investment from Digitalents Capital, Five Ventures, Omnis Mundi Invest AG, The Accelerator Group (TAG). The amount was not released but we understand it was less than a million euros. Kublax was a winner of Seedcamp 2007, a Europe-wide initiative by Venture Capital firms and business angels to finance and help Europe’s next generation of technology entrepreneurs. CEO, Sridhar Sethuraman, has seven years of experience in the financial technology domain, having worked at Credit Suisse, Royal Bank of Scotland and Aviva. Kublax syncs with all your bank accounts, utilities, and loyalty schemes like Air Miles and presents all the information in a user friendly format so that you can track your incoming and outgoing cashflow and start to analyse your personal finances. All the key information (log-ins etc) stays on the desktop in hyper-encrypted files, they say. It also creates a social network around your personal finances where key information is not revealed but the “crowd” can source intelligence on investments, savings accounts and mortgages. Sites like Mint and Gazeo are venture backed in the US but this business is designed to be very local and can be integrated with local markets.

blog comments powered by Disqus