Backed by £2m from crowd and angel investors, this firm’s technology analyses website train ticket prices and packages them into a season ticket that commuters can buy online and pay back in monthly instalments. It says users save an average of £200 annually, and more than 10,000 commuters use its platform, including Pret, Harrods and Airbnb staff. Founded by chief executive Petko Plachkov, 32, and chairman Imran Gulamhuseinwala, 43, in 2013, its sales – representing the interest rate it charges on its loans – were £638,000 in 2016. With the travel season ticket market worth an estimated £4bn annually, and 96% of purchases still made offline, CommuterClub forecasts sales of £1.6m this year and is planning an additional fundraising to develop new products.
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