Ollie Purdue, founder of money management app Loot, is only 23 but he hasn’t let his young age get in the way of founding a business.
It was during his time at the University of West England that Purdue became unhappy with his banking experience and took it upon himself to try and improve the system; seeking to address the lack of clarity that people encounter when managing their personal finances.
Like other students, Purdue had a part-time job and although he got paid monthly, he said managing his finances was a real struggle. “I never knew if my money would last until the end of the month,” he added.
Purdue initially turned to a money management app but was soon disappointed with the user experience, as it required him to input his spending manually....