Monetaflex calls it a day and is dissolved

In what is becoming the norm for Crowdcube funded companies, Monetaflex raised £165k on Crowdcube did very little and has now been dissolved.

We have written about them before here  . It has taken well over a year for the final closure - a year in which investors have not been able to claim their loss relief. The CEO has moved on to create a similar business without those burdensome SHs.

Plenty more in the queue.

Monetaflex has gone - Long Live EarlyAce. A common tale from the Crowdcube.

In more shenanigans on the Crowdcube platform, ex Crowdcube success Monetflex director Simbarashe Chiguma, has set up a newco doing the same thing - EarlyAce. 

Chiguma, a co founder, resigned from Monetaflex last year, just 12 months after the Crowdcube campaign. The company raised £160k on Crowdcube for the business which was an online platform for the sale of invoice credit. We wrote about them here. They recently decided to close with the loss of all investors cash.

In the video that they used to take money off Crowdcube investors, they had all sorts of successful businesses using their services and an 'investor' who was purported to be a highly successful individual. This all  looks a little odd now.

Since incorporating EarlyAce in November 2016, the month he resigned from Monetaflex, Chiguma has been busy raising funding - 4 small tranches which give him around £200k to play with. Lets  hope he does better this time. 

Thanks to our reader for the heads up. 

Where has Crowdcube's Monetaflex gone?

Monetaflex raised over £160k on Crowdcube in 2015. Now the company seems to have disappeared. No website no app, no nothing. Two founders, one just resigned.

This one was backed by a self described investment and SME/start up guru - Peter Gardner. Would love to hear from you Peter if you have any news on this company you promoted - see video here

The clouds on the horizon are slightly darker than this one. Dam is giving way.

So where are they?? Let us know if you do.