UniZest
The business, the turning points, and the decisions behind them.
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Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
UniZest was a UK fintech that provided app-based e-accounts for new residents of the United Kingdom, originally set up for international students. Its e-current account let newcomers apply and set up an account before leaving their home country and receive a Debit Mastercard on arrival, tackling the difficulty non-UK nationals face opening a traditional high street bank account without proof of UK address.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Relaunch
After being taken over by the newly formed Neofin Ventures, founded by fintech veterans Matt Oldham, Tony Shawcross and Chris Donnachie, UniZest was relaunched with 300,000 pounds of funding via Worth Capital's Start-Up Series and angel investors, backed by Mastercard and Railsbank.
- E-current account launch
The relaunched UniZest went live as an app-based e-current account for overseas workers and international students, partnering with recruiters and agencies and adding a Just Good Work partnership for worker rights information.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
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Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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