Tech company Protempo put into receivership

Tech company Protempo put into receivership
The US offices of Protempo. (Image: Protempo)
Riley Kennedy
Receivers of New Zealand tech company Protempo Limited, which provides services to protect brands from being ripped off, are looking to sell the company’s intellectual property.Last week, at the company’s request, ASB Bank appointed Conor McElhinney and Kare Johnstone of advisory and restructuring firm McGrathNicol.It comes after the Bank of California appointed receivers to its United States subsidiary, Protempo US, on Jan 23. Protempo – what is it?Founded in 2006, Protempo, which has previously been a Deloitte Fast 50 c...

More Finance

Investor visas a gold mine for private credit
Finance

Investor visas a gold mine for private credit

More than $55m committed for residency destined for credit funds which lend to NZ firms.

Aussie broker giant CBN enters NZ with Folio deal
Finance

Aussie broker giant CBN enters NZ with Folio deal

CBN is backed by ASX-listed Steadfast Group.

John Anthony 11 Aug 2025
Capital gains tax to solve house-price affordability crisis?
Finance

Capital gains tax to solve house-price affordability crisis?

ANZ's Richard Yetsenga said house-price affordability is a significant challenge. 

Staff reporters 07 Aug 2025
Surcharge ban may not be a win for consumers
Finance

Peter Griffin: Surcharge ban may not be a win for consumers

There are winners and losers in the surcharge move.

Peter Griffin 30 Jul 2025