A serious Australian artwork fintech is teetering on the point of collapse after being pressured to halt enterprise operations.
Artwork Cash, a ‘purchase now pay later’ platform for the artwork world which was utilized in over 50 international locations, revealed it had made the ‘tough determination’ to ‘pause enterprise operations’.
Paul Becker, the corporate’s Sydney-born founder and CEO, stated he wanted one other US$5 million (A$7.6 million) to remain afloat.
‘The enterprise I based, Artwork Cash, has run out of working capital and I’ve let down lots of people who believed in it, and in me,’ he wrote in an e-mail to prospects, seen by information.com.au.
Extra to come back.
