Any seasoned entrepreneur knows that starting a company takes much more than just a great idea. Creating a successful business is a careful exercise in timing, planning, and tenacity. Like setting up a circuit, all the right pieces need to snap into place in order for the lights to come on. The right technical minds need to encounter the right business minds at a time when the world is ready for—and ready to pay for—a particular innovation.
The following 5 startups have managed to bring all the right pieces together addressing big problems, innovating and disrupting huge industries.
As always, its important to remember the outsized failure rate for start-ups. Far more fold than flourish. That said, these startups have made great progress in 2016 and created very strong foundations to build on, not only having a good shot at beating the odds, but are very much so ones to watch in 2017
Founded in 2015 by Ishaan Malhi, a former real estate and structured finance analyst at Bank Of America Merrill Lynch, and Jonathan Galore, an experienced fintech entrepreneur, Trussle is an online mortgage advisor which is fully regulated by the FCA and already manages £500m+ of mortgages
Kings Cross based Trussle have gained investment from renowned investors such as Seedcamp and LocalGlobe and secured strategic partnerships with the likes of Zoopla.
Trussle's technology provides transparency and simplicity which empowers first-time and existing homeowners to secure a great-value mortgage online, saving them time and money, they then continue to monitor their mortgage for free and help them to switch to a better deal later on, so they never pay more than they should and ultimately making home ownership more affordable.
You can find out more about Trussle - here
Founded in 2014 by CEO Nicholas Katz (who has extensive experience in commercial real estate) and CTO Vasanth Subramanian (who comes from a software development background) Splittable empowers housemates to manage and share household expenses.
Splittable's is available in 36 countries and has tens of thousands of users, who view Splittable as an essential way to avoid arguments over who has spent what and empowers them to pay back housemates in seconds.
East London based Splittable has gained investment from the likes of Seedcamp, London Co Investment fund and various other renowned Angel Investors.
You can find more out about Splittable - here
Founded in 2014 by Viraj Ratnalikar, Car Quids enables brands to advertise on personal vehicles across the UK, Car Quids propriety technology provides unprecedented targeting, insight and measurement of this unique outdoor advertising opportunity.
Drivers get paid each month, earning money for driving as they normally do, this new income substantially reduces the cost of car ownership or leasing.
South London based Car Quids gained a place on the prestigious Seedcamp program, with Seedcamp also investing alongside several other well known investors.
Car Quids are growing quickly and hare now working with many famous brands.
You can find out more about Car Quids - here
Echo, a West London-based medication management startup, launched with a £1.8 million seed investment round led by venture capital firm LocalGlobe and supported by Global Founders Capital.
Co-founded by former Apple executive Dr Sai Lakshmi and former LloydsPharmacy executive Stephen Bourke, Echo promises to make life easier for people on long-term medication by “removing the hassle of repeat prescription management”.
You can find out more about Echo - here
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