UK unicorn Powa floored by 'curse of mobile'

Doug Woodburn
clock • 2 min read

Mobile money market not the gold mine some thought, says analyst Megabuyte as mobile payment firm runs aground

The collapse of UK mobile payment provider Powa Technologies on Friday is a "classic curse-of-mobile story", according to an analyst. Powa was snapped up by an investment vehicle headed by forme...

To continue reading this article...

Join CRN

  • Enjoy full access to channelweb.co.uk - the UK’s top news source for the IT channel
  • Gain the latest insights through market analysis and interviews with channel leaders
  • Stay on top of key trends with the Insider weekly newsletter curated by CRN’s editor
  • Be the first to hear about our industry leading events and awards programmes

 

Join now

 

Already a CRN member?

Log in

You may also like
CloudCoCo founder and CEO Mark Halpin steps down

Reseller

CloudCoCo founder and CEO Mark Halpin steps down

An interim CEO has been named as the MSP announces an extension of loan notes alongside a seven per cent bump in FY23 revenues

clock 30 April 2024 • 2 min read
Atos Q1 revenues struggle after failed Tech Foundations sale

Reseller

Atos Q1 revenues struggle after failed Tech Foundations sale

The French reseller's revenues were dragged down by poor performance in the Americas

clock 26 April 2024 • 1 min read
Microsoft earnings preview: 5 things to know

Vendor

Microsoft earnings preview: 5 things to know

AI, Azure and security are just some of the biggest topics expected to come up Thursday on the company’s third fiscal quarter earnings call

clock 26 April 2024 • 12 min read
Doug Woodburn
Author spotlight

Doug Woodburn

View profile
More from Doug Woodburn

Infinigate CEO takes aim at APAC and fresh M&A after brand revamp

Shannon and Hodgson on 'amicable' ANS exit and future plans

Sign up to our newsletter

The best news, stories, features and photos from the day in one perfectly formed email.

Get the newsletter

More on Finance and M&A

MSP acquirer Evergreen buys second UK business with Digital Origins
Finance and M&A

MSP acquirer Evergreen buys second UK business with Digital Origins

The deal marks Evergreen's second expansion into the UK MSP market

Kelsey Rees
Kelsey Rees
clock 08 April 2024 • 2 min read
Cisco closes $28bn Splunk deal: 5 big AI, security and partner things to know
Finance and M&A

Cisco closes $28bn Splunk deal: 5 big AI, security and partner things to know

“We will revolutionise the way customers leverage data to connect and protect their organisation as we power the AI revolution”

Mark Haranas
clock 19 March 2024 • 6 min read
Jonathan Simnett: Should you let private equity invest in your channel business?
Finance and M&A

Jonathan Simnett: Should you let private equity invest in your channel business?

Jonathan Simnett, UK director at M&A consultancy Hampleton Partners, explores the impact of private equity on channel companies and their teams

Jonathan Simnett
clock 18 March 2024 • 5 min read