Sixteen-year-old turns down £5 Million offer for his up and coming business



Mohammed Ali, a 16-year-old from Dewsbury, West Yorkshire may have a famous name to live up to, but he’s already creating his own incredible successes after starting his own company at the age of 12.

He has so far earned over £40,000 creating his own video game, as well as a financial app for the stock market, but it’s his price-comparison site that is really catching everyone’s eye.

The schoolboy, who launched the site with his 60-year-old business partner, has just turned down a whopping £5million offer from American investors.

He explained: “We met the investors in London, they were a global data driven company, and they didn’t realise I created all the technology involved.


“The offer was rejected in December, just before Christmas.

“The main reason we rejected the offer was because, if the technology and concept is worth millions already, just think how much it will be worth once people use it.

Picture from Mercury Press

 

“I understand this is a big risk for me but I want to create this as a household name, and at the same time make something for myself.

“The big thing about what we’re doing is that there are no competitors – this is a real-time money saving expert – it’s like a Bloomberg for the general public.”

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