Ollie Purdue founded his start-up at the age of 23, Loot – a digital challenge bank for millennials that has undercut traditional banks in terms of operating costs and gives low FX rates to users when they are travelling abroad.
The platform allows you to see what you spend within seconds of spending it and you’re unlikely to miss it as it will send you a push notification.
Loot has already raised a total of £6 million in funding as of December 2017 with a pool of over 50,000 customers. The purpose of the application is to help users understand their money better and how much they have to spend as well as what their money actually goes towards.
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