Ipagoo, a UK FinTech startup that went into administration earlier this month, has been rescued.
Regulators previously told Ipagoo it had to freeze customer accounts.
Launched in 2015, the FinTech allows users to transfer currencies and manage multiple bank accounts.
It’s been bought by Anglo-Dutch investment group Chairman Financial.
What does this mean?
There has not been a lot of information on why the freeze happened, but the Financial Times has suggested the firm suffered due to non-payment following a funding round.