Challenger business Bank

[JoJoGabor]

Has anyone heard of this business challenger bank https://getcoconut.com. seems to be a hybrid of a business bank account with an accountancy service built in. They are looking for investment, wonder if anyone here knows anything about them?

[Cirrus]

They've got a CTO. And then they've got a Freelance CTO.

Both with beards.

Stay well clear.

The freelance lifestyle gives us space to explore an alternative way of living.

That’s what lures us in. The promise of flexibility, independence and control. The opportunity to embrace what really matters and make the system work for us. The vision of choosing our own clients, expressing our creativity, and maybe – some day – working from a sandy beach in Thailand.

Cloud Cuckoo Land.

[JoJoGabor]

But that's my vision too. I don't seem to have got any closer though after 13 years.

Anyway anyone who is anyone has a beard nowdays. I think that's why my career is limited, I can't grow one

[Invisiblehand]

Anyway anyone who is anyone has a beard nowdays.

Ha.

Beards rule.

[SeanT]

Classic FinTech startup pattern, bet the CTO is building the "cloud infrastructure" on his credit card and it's already starting to creak. Beard is fine though. Wonder when they'll be hiring for DevOps...

[squarepeg]

Wonder when they'll be hiring for DevOps...

or accountants... bankers... lawyers... ;-)

If the rate is good, work for them, but don't put your own money into their accounts.

[SueEllen]

Anyway anyone who is anyone has a beard nowdays. I think that's why my career is limited, I can't grow one

Don't worry fashion goes in cycles.

Clean shaven will be back in soon....

[soconnor]

Message from Coconut

Hi Everyone

I spotted this, so thought I'd respond. I'm Sam, Co-founder and CEO of Coconut.

We're creating a business bank account for freelancers and self-employed people that tells you how much tax to save, automatically categorises your expenses and helps you stay on top of client payments. That said, we're not becoming a bank. Your money will ultimately be held by Barclays.

We became freelancers a couple of years ago and found the money side of things painful. We're using the rich payments data that banks currently throw away to drive out manual process from money management and accounting. This should have been done a long time ago, but banks have been really slow to innovate.

I'm afraid we've only got one CTO. He's called Allistair Crossley and he does have a smashing beard, or is it designer stubble... Being a startup focussed on freelancers, we try and work with our customers where possible. We also want to promote them, so that page on our website is really dedicated to the people we've worked with in the past. We're going to change the title of that section to make it clearer.

We really appreciate any feedback so keep it coming. And get in touch directly if you have any questions sam at (you can guess the rest).

We'll be launching our full product later this year. And we'll be making a dev ops hire too. We're always looking for great developers so ping us a note if this sounds interesting.

Sign up for updates or to get involved in early testing.

I look forward to your comments.

Sam

[northernladuk]

We're creating a business bank account for freelancers and self-employed people that tells you how much tax to save, automatically categorises your expenses and helps you stay on top of client payments. worked with in the past.

Doesn't Freeagent do that already?

[Cirrus]

PSD 2?

I'm afraid we've only got one CTO. He's called Allistair Crossley and he does have a smashing beard,

Our condolences to Alex Speller - one time Freelance CTO and still on your website.

Is all this to do with https://www.evry.com/en/news/article...as-we-know-it/?