Petko Plachov: CommuterClub
The lending service offering big savings for London’s season ticket holders
Petko Plachov, 27
With rail fares continuing to rise above inflation, the UK’s commuters were bound to welcome anything that could offer big savings on their extortionate rail fares with open arms.
Co-founded in January 2014 by Petro Plachov, CommuterClub has just such a solution – offering peer-to-peer funded payment plans that spread the large upfront cost of a season ticket into manageable monthly payments. The company claims its customers can save an average of £300 on their yearly commute as well as having access to exclusive deals and discounts from partners including Hello Fresh, Time Out and Uber. Users also have the option to opt out at any time without penalty.
Winner of our Service Business of the Year award in 2014, the company has raised an impressive £1.3m in funding to date and is growing extremely fast. With just over a year and a half of trading under its belt, the start-up is projected to turnover a whopping £15m this year. And CommuterClub is only getting started. The business is now expanding into other verticals including parking, corporate season tickets and other subscription services.