Creditors of Plynk, a Dublin mobile payments start-up, are €1.9m out of pocket after the company unexpectedly went out of business last year.
A statement filed by Jim Stafford, the liquidator to Plynk, shows the business has just over €6,000 left in the bank, but owes €70,000 to a secured creditor and more than €1.8m to unsecured creditors. More than €100,000 has been paid out in claims to 19 former Plynk employees.
The liquidator has sold some assets back to Plynk co-founder Charles Dowd for €7,380, according to the statement. Dowd set up Plynk in 2015 with Clive Foley and raised €750,000 seed funding from Delta Partners and Enterprise Ireland.
Plynk announced a €25m investment in June 2017 from a private investment trust called Suisse