Monday - 9 August 2009
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Annual subscription fee waived for small firms wishing to bid for public sector contracts
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Lobby group is calling for more choice for small businesses wishing to borrow
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News
| Monitise | 2009-08-14 |
| Alistair Lukies, Steve Atkinson When Alistair and Steve decided to launch Monitise, a system which allows its users to access their bank through their mobile phone, they had problems getting it off the ground. The pair quickly discovered that without a large amount of collateral, banks would refuse them, so they teamed up with tech giant Morse, who agreed to incubate them. “All of a sudden two guys with an idea and a good business plan were perceived as senior people in a £300m company with all of the things banks look for to be comfortable that what you’re doing is appropriate. That worked quite well for us,” says Alistair. | |
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