Africa Delivery Technologies (ADTL), the Dutch parent company of Nigerian last-mile delivery platform Kwik, has been declared bankrupt and placed under administration by an Amsterdam court following a court dispute with a former executive to whom the company owes about $50,000. However, Kwik CEO Romain Peroit-Lellig insists that the company is financially sound. He says…
Microsoft and Amazon-backed AI ‘unicorn’ files bankruptcy MSN Read the original article here
Boluwatife Aiki-Raji, CEO and co-founder of Carrot/Image Source: Aiki-Raji I bet you didn’t know your investment assets could do more than sit pretty on your dashboard—they can spot you a loan. Nigerian fintech Carrot Credit is a digital lending platform that lets retail investors (that’s you, me, and every nonprofessional investor who buys and sells…
The director of a plumbing and heating company has been banned for 11 years after fraudulently exaggerating his firm’s turnover to secure a Covid bounce back loan. Carl Barnes, director of Central Plumbing & Heating Lincoln, exploited the scheme to claim a loan for £47,500, the Insolvency Service said yesterday (20 May). An investigation by…
Weeks after Builder.Ai Datalabs_in-article-icon admitted “problems” under its past leadership, the Microsoft-backed enterprise tech startup is now reportedly commencing insolvency proceedings. A company spokesperson told TechCrunch that Builder.ai’s parent , Engineer.ai Corporation, will be “entering into insolvency proceedings” and has appointed an administrator to “manage the company’s affairs”. “Despite the tireless efforts of our current…
Carl Barnes applied for a Bounce Back loan of £47,500 for Central Plumbing & Heating Lincoln Ltd. He declared the company had a turnover of £340,000 when in reality it was nothing. Barnes has been banned as a company director for 11 years. The Secretary of State accepted a voluntary disqualification undertaking offered by him. The…
Translated by Nicola Mira Published May 22, 2025 … Read the original article here
A major airline in Europe that flies internationally recently filed for bankruptcy and is liquidating its assets. Air Belgium was declared bankrupt by the local Walloon Brabant court on April 30, 2025. The international airline experienced many financial hardships since the COVID pandemic began. The company announced in 2023 that it would cancel all remaining…
Translated by Nicola Mira Published May 22, 2025 … Read the original article here
Translated by Nicola Mira Published May 22, 2025 … Read the original article here