Opum Technologies liquidation leaves $2.7m shortfall

Opum Technologies liquidation leaves $2.7m shortfall
Opum Technologies founder Andrew McDaid wants liquidators to examine the events leading up to the company's demise. (Image: Supplied)
John Anthony
Liquidators of artificial intelligence-powered medical technology business Opum Technologies say it is unlikely funds will be available to pay a $2.7 million shortfall owed to creditors.Opum was placed in receivership on July 25 after defaulting on security agreements, prompting three lenders to appoint receivers from Baker Tilly Staples Rodway, Jared Booth and Tony Maginness.In September, the receivers sold the business for $950,000, and on Dec 14, Rees Logan and Andrew McKay of BDO were appointed liquidators after an application of the receiv...

More Startups

Veriphi launches crowdfunding for Aussie expansion
Technology

Veriphi launches crowdfunding for Aussie expansion

The company has ambitions to be NZ's next Fisher and Paykel Healthcare.

Greg Hurrell 15 May 2025
Kauricone courts computer users locked out of Windows 11
Technology

Kauricone courts computer users locked out of Windows 11

The back-to-basics operating system cuts out the bloat.

Greg Hurrell 13 May 2025
Daisy Lab announces 'breakthrough' in bovine protein production
News in Brief

Daisy Lab announces 'breakthrough' in bovine protein production

Daisy Labs produces dairy-identical proteins using precision fermentation.

Staff reporters 12 May 2025
AgriZeroNZ makes its first investment in an Australian startup
News in Brief

AgriZeroNZ makes its first investment in an Australian startup

The joint venture invested $1.5m and led Bovotica’s seed funding round.

Staff reporters 08 May 2025