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Finch Capital is a Financial Technology Investment firm founded in the fall of 2013. We invest in high growth companies primary in EMEA and prefer to invest after the seed round, when there is proof of concept and there are some revenues.

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Topless dancers, champagne, and David Bowie: Inside the crash of London's $2.7 billion unicorn Powa

Radboud Vlaar

April 26, 2016

https://www.passle.net/Content/Images/passle_logo-186px.png Passle https://passle.net

Radboud Vlaar

strat-up

Business Insider provides a great breakdown and plenty of insider gossip on how Dan Wagner built and destroyed UK payment startup, Powa

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Powa Technologies collapsed in February after blowing through more than $200 million of investor money. Insiders claim its flagship product was a "basket case" and company was plagued with management dysfunction. Former staff recall wild Christmas parties with bottomless champagne and topless dancers. Deal that valued Powa at $2.7 billion was a "dud" according to insiders. CEO surrounded himself with "yes men" and allegedly wouldn’t listen to criticism. Rumours that CEO could have saved the company if he’d stepped aside, but refused.

http://www.businessinsider.com/inside-the-crash-of-londons-payment-unicorn-powa-technologies-2016-4