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Monzo co-founder launches AI startup with ambitions to put software developers out of business

Monzo co-founder Jonas Templestein has commenced a new journey with Nustom, a fresh startup

With fundraising efforts underway and drawing support from OpenAI and Index Ventures amongst others, Nustom wants to take full advantage of artificial intelligence(AI), in return for low or no-code web development. The company has launched its website, is recruiting and has set out its vision, stating within the next decade “the majority of software will be made by people with no technical background, collaborating with an AI.” The company is said to be on the cusp of selling an additional stake to one of Singapore’s sovereign wealth funds, on the back of securing a £4 billion valuation last month.

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