Fintech firm Ipagoo scooped out of administration

UK fintech firm Ipagoo has been purchased out of administration by Anglo-Dutch investment group Chairmans Financial, a month on from the suspension of its customer accounts. Chairmans has bought 100% of the firm as well as selected assets from its parent company Orwell Group, which developed Ipagoo’s software. Ipagoo was launched in 2015 by former Goldman Sachs Asset Management director Carlos Sanchez, providing a multi-currency account that can be opened more swiftly than traditional banks.

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