Updated: Web 2.0 Banking Aggregator Kublax Shuts Up Shop

Kublax, a startup that was one of many aiming to be the UK’s answer to U.S. bank account aggregator Mint, has gone in to administration and is shutting down, after itself running out of money.

“Over the course of the last six months we have been trying hard to raise funding which would have allowed us to launch our enhanced new product and develop our offering further. Unfortunately we now have to admit defeat,” CEO Tom Symonds and founder Sridhar Sethuraman wrote to account holders.

Kublax launched in 2007 after winning Seedcamp, giving it