Discount travelcard startup CommuterClub raises millions more cash
Oct 30, 2017
That includes Worldpay and soon-to-be Paddy Power Betfair chief executive Peter Jackson. Gavin Casey, a former boss of the London Stock Exchange, the head of Barclays Techstars Chris Adelsbach and tennis star Andy Murray. The three-year-old startup, which has provided loans worth more than £30m to more than 10,000 commuters, is also returning to Seedrs to raise cash that will push the total up to £2.5m. Commuters can use CommuterClub to get a yearly season ticket or travelcard but pay on a monthly basis as a digital subscription. It claims to have saved them more than £3m to date. The startup, founded by Petko Plachkov and Imran Gulamhuseinwala, also the head of fintech at EY, has also partnered with fellow fintech Revolut. The digital challenger bank will offer travel financing to its customers.