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Buy now, pay later app Openpay has gone into administration nine months after it stopped customers from making purchases, leaving serious concerns about the future of such services.
The two are disqualified due to involvement in failed companies
Liquidator’s hearings revealed an artificial intelligence house of cards, where staff went for months without pay even as investors believed everything was rosy.
Investors only found out about problems at Metigy, a start-up once valued at more than $1 billion, when a senior executive disclosed it could not pay staff.
The looming auction of Metigy founder David Fairfull’s home is set to show how Mosman’s high-end values have fared this year.