Founder:Petko Plachkov and Imran Gulamhuseinwala
Established: January 2014
A company which seems nearly too good to be real, CommuterClub allows commuters to unlock the cost savings of a yearly travelcard without having to pay thousands of pounds upfront or committing to a 12 month contract.
The brainchild of young entrepreneur Petko Plachkov and Imran Gulamhuseinwala, the working platform works in partnership with peer-to-peer loan provider RateSetter allow people to fund their particular season admission in versatile monthly instalments supported by financing with a 5.6percent interest. What’s increased the solution isn’t restrictive; people can choose out at any time without punishment and a courier comes and gather the card.
Thought to save yourself travellers to £300 per year, it’s obvious why the start up interests customers additionally the providing also also includes various other revolutionary companies when you look at the area with users getting accessibility exclusive deals and discounts from the loves of hey new, time-out and Uber. Business has also got some stellar support from industry frontrunners with serial business owner Will Becker; the European managing manager of Advertising.com which marketed to AOL Time Warner for $435m, acting as business advisor.
With train prices set-to boost in 2015 in addition to UK season solution market today determined at over £4bn, CommuterClub appears set to achieve huge things around forward. With plans to expand its service outside of London, business travellers, view this area…