Services

Ad tech company collapse not due to coronavirus, liquidator says

Victoria Young
Fri, 24 Apr 2020

Victoria Young
Fri, 24 Apr 2020
A smartphone advertising firm that received millions in start-up funding from investors including Crown scheme NZVIF Investments and Stephen Tindall’s K1W1 has collapsed.  Postr Media was an ad-tech startup that sold white-label software to phone companies that wanted to sell ads on mobile phone lock screens. Just over a $1 million is owing to employees and trade creditors, the first liquidator’s report said.  Liquidator Heath Gair said Postr’s shareholders couldn’t get any more funding, and, while the company was moved into liquidation o...

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