#paystone Tech News.
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StartupsBetaKitabout 2 hours ago
Paystone enters creditor protection, pursues debt restructuring, saleLondon-based Paystone filed for Companies' Creditors Arrangement Act protection in early June due to severe financial difficulties following years of acquisitions including DataCandy and Ackroo. The Ontario Superior Court seeks approval for a sale that would reduce the company's $118 million liabilities, though BDC Capital opposes this plan citing alternative bidders like Shopley.
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