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Deloitte autopsy the collapse of Powa Technologies
Powa Technologies’ insolvency specialists Deloitte have released its insolvency report into exactly what went wrong at the London payment company that folded spectacularly in February. The company autopsy reveals Powa’s ultimate controlling company raised £143.94 million ($203.7 million) in debt and equity funding from 2013 onwards, as the company was valued on paper at $2.7 billion. But [...]
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Powa Technologies sells business units under administration
Failed e-commerce software Unicorn Powa Technologies, sold two of its divisions today as it seeks to save jobs after entering administration in February. Deloitte, which was appointed as administrator of the London-listed company last month, confirmed Powa sold its PowaTag business to a consortium led by Ben White and the PowaWeb business has been sold to [...]
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