CommuterClub helps commuters save time and money by offering season tickets as a subscription service. Leveraging peer-to-peer lending and digital ticketing, CommuterClub offers the large discounts of Annual tickets while allowing commuters to pay via convenient and flexible monthly payments.
CommuterClub is initially targeting the £4bn UK season ticket market and eventually expects to expand internationally into an estimated +£20bn commuting market in cities such as NY, Paris and Hong Kong.
Since first listing on Seedrs 12 months ago, the business has made great progress, tripling revenue in 2015, expanding nationally in October and launching a corporate solution in Q4 2015*. The business has already processed close to £9mn loans.
Described by the FT as ‘Innovation to Watch’ and part of the 2015 Fintech50 as one of “the hottest FinTechs in Europe”, CommuterClub brings what it believes is a unique approach to both credit and season tickets via its proprietary FinTech platform.