Business

Sendle suddenly shutters deliveries amid financial concerns after merger investor freezes funding

- January 12, 2026 3 MIN READ

Alternative parcel delivery scaleup Sendle has halted operations just five months after it merged with two US delivery firms amid claims of financial irregularities. In a terse statement from the firm’s PR agency, the company said “Sendle has informed its customers that it is no longer taking any future bookings. We are not able to provide… Read more »

Business

After investing $10.4 million, EVP claims StrongRoom AI’s CEO and cofounder admitted to fraud with fake revenue numbers

- April 4, 2025 5 MIN READ

The CEO and cofounder of StrongRoom AI allegedly conceded to EVP investor Misha Saul that the company’s revenue and debt figures were “wilful fraud”. Details of an extraordinary conversation and confession by CEO Max Mito were outlined in submissions in Federal Court legal action by the Sydney VC, after it successfully applied to freeze the… Read more »