Cover story

Would you trust this man with your money? Again?

Christo Davel, of 20Twenty fame, is back in the startup game, and back in financial services.

01 February 2012

You’d be forgiven for thinking the demise of 20Twenty had put Christo Davel off financial services startups for life. In fact, he nearly was put off for life. Six years after 20Twenty closed in 2006, however, he’s changed his mind and is about to launch a financial service that will propel him and his team back into the spotlight.

Says Davel: “I got a call from Gidon Novick (recently resigned CEO of Comair, and co-founder of Kulula) three years ago. He started buttering me up, saying no one had taken 20Twenty’s space, and that they were trying to do Kulula Wealth but it wasn’t working. I said I was never touching a financial services product again. Then he said ok cool, well come and do some consulting for us then. I said cool, pay me money? That’s a novel idea. I got hold of the old 20Twenty team and said, ‘Let’s do something’.”

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