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Sunday, April 22, 2018

Products | Fintech

Coconut celebrates 800 current accounts opened

Jordan Williams | 7:30 Wednesday 11th April 2018

Coconut has opened 800 accounts since its launch on 31st January.

The mobile banking platform has rolled out its iPhone beta product to sole traders, which tracks expenses and fills out the user’s 2018/19 tax return as they go.

Coconut provides current accounts for freelancers and the self-employed.

Sam O’Connor, co-founder of Coconut (pictured above), said: “We’ve been amazed by the response so far.

“Since launching our beta product, we’ve opened 800 sole trader current accounts and now 9,800 people have signed up to the waiting list.”

The app can be downloaded from the Apple App Store, with users only requiring a passport or driving licence to apply for an account.

“We’re really grateful for the support we’ve received from the freelance and self-employed community,” Sam added.

“We are pushing on to get the Android app launched and more features built.”

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