| Founded | 2007 |
|---|---|
| Closed | 2016 |
| Country | UK |
| Sector | Fintech |
| Total raised | $225M (Wellington Management, 2007–2015) |
| Collapse type | Fraud Explosion |
| Founder | Dan Wagner |
Powa Technologies
"Dan Wagner raised $250M+ at a self-declared $2.7B valuation for a mobile commerce platform that generated £2.3M in revenue. Went into administration February 2016. Revenue multiple: 1,200x."
Sudden collapse triggered by fraud exposure
Key Events Timeline
Powa Technologies was founded in 2007 by Dan Wagner in London.
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