Supie first sought help from PwC in April

Supie first sought help from PwC in April
Supie founder Sarah Balle. (Image: Supplied)
Riley Kennedy
Supie founder Sarah Balle first approached PwC for help more than six months before her online grocer startup went under this week.That was because the company had “exhausted” all funding options and was looking to start an insolvency process, according to the administrator’s report, which reveals less than 5% of its members were “active subscribers”.Creditors of Supie – which are owed roughly $3 million – are being called together next Thursday to decide on the business’s future.Founded by Balle...

More Finance

Stop raising bank capital ratios now, says competition report
Finance

Stop raising bank capital ratios now, says competition report

Select committee recommends an immediate end to increasing capital ratios. 

Pattrick Smellie 22 Aug 2025
Kiwibank looks to grow as FY profit tightens
Finance

Kiwibank looks to grow as FY profit tightens

Kiwibank has flagged the NZ economy to improve in 2026.

Staff reporters 21 Aug 2025
Like it or not, cryptocurrency is going mainstream in NZ
Finance

Like it or not, cryptocurrency is going mainstream in NZ

Koura Wealth’s bitcoin KiwiSaver fund is Morningstar’s runaway 12-month performer.

Greg Hurrell 21 Aug 2025