Kublax revolutionises personal money management

Kublax has launched a revolutionary new online service - free of charge - to give Britons an unprecedented ability to see and understand their full financial picture quickly, effortlessly and all in one place. At a time of rising prices, the credit crunch and a looming recession, there has never been a more important time for Britons to be on top of their finances and Kublax will make this task radically faster, easier and more effective than ever before.

Using Bank level security, Kublax automatically pulls together usage of all of your bank and building society accounts, credit cards etc and places each line of income and expenditure into sensible, flexible categories. This aggregated information is then displayed in a choice of easy-to-understand visuals, all on a single online page, to give you unprecedented clarity and understanding of your incomings and outgoings. To help further, Kublax offers an easy to use Budget tool and will monitor your spending against the plan you set yourself. In addition, the Calendar and Alert features can be used to trigger reminders and alerts when key dates or balances are hit, allowing you to maintain complete control of your finances into the future with the absolute minimum of effort.

As its next step in helping its customers, Kublax will unleash the power of state-of-the-art social networking technology to automatically show users where they are paying over the odds relative to fellow users and help them to access these better deals. This facility will be added once there are sufficient numbers of Kublax users to provide the necessary size of network and richness of data. A more overt social networking aspect will be added alongside this, which will allow users to post tips, ask questions and provide answers to each other.

Further improvements and features will be added to Kublax over time to continually enhance the speed, ease and effectiveness of this new way to make the most of your money.

Sridhar Sethuraman, Founder and CEO of Kublax said, “Our vision with Kublax was to create a service that unleashes the full power of the latest technology to genuinely help consumers manage their money far more effectively and - crucially - with a fraction of the effort it currently requires. The reaction of the thousands of users who have joined us already during our pre-launch test is that we have got it right. We are proud of the difference that Kublax is already making to these people’s lives and are excited about now offering the same huge improvements to everyone in the UK. Given the difficulties that so many people are now facing in making ends meet, there has never been a more important time for Kublax to launch.”

Alain Revah, Cofounder and investor said, “The idea for Kublax came out of our own frustrations with the time and effort it takes to get a proper look at our own finances. We knew that people have far better things to do than wasting hours just to get a partial picture that becomes out of date before it’s complete. Kublax changes all that overnight, finally empowering the consumer to take control of their finances and see where they could save money in just seconds.

As the Kublax community of users grows, they will help each other – automatically and anonymously – by sharing intelligence on where the best deals are to be found. This unique new feature will make it incredibly easy for families up and down Britain to save money, almost without trying. That is what Kublax is all about - helping our users to make the very best use of their hard-earned cash with almost no effort on their part.”

Kublax is backed financially by a number of leading European venture capital companies including Digitalents, Five Ventures, Omnis Mundi Invest AG, Seedcamp and The Accelerator Group.

For more information visit kublax.com