Supie needs a superhero – can it be saved?

Supie needs a superhero – can it be saved?
Sarah Balle was so confident just a short time ago. (Image: Supplied)
Riley Kennedy
“We’re super stoked with that and the support of our investors.”That was a comment made by Supie founder Sarah Balle, speaking to BusinessDesk earlier this month about the apparent success of their recent capital raise.In a matter of weeks, that support appears to have vanished, with a key investor pulling out late last week and two of its three directors quitting on Friday.On Monday, voluntary administrators were appointed, with roughly 115 staff told they no longer had jobs and Supie was likely to head for liquidation, owing...

More Finance

Banking on the price of stability
Finance

Paul McBeth: Banking on the price of stability

Competition has a cost that some might not be willing to pay.

Paul McBeth 07 May 2024
Cautious lending keeps lid on default rates – Reserve Bank
Finance

Cautious lending keeps lid on default rates – Reserve Bank

Non-performing mortgages have overtaken Covid levels.

Jem Traylen 01 May 2024
'Confirmation of payee' anti-scam measure inches closer
Finance

'Confirmation of payee' anti-scam measure inches closer

Banks are getting closer to implementing anti-scam “confirmation of payee” measures.

Dileepa Fonseka 30 Apr 2024
UBS NZ returns to profit
Finance

UBS NZ returns to profit

Operating income was up 51.8%, rising from $31.9m in 2022 to $48.5m in 2023.

Murray Jones 30 Apr 2024