Equitise, a crowdfunding platform, has been placed in voluntary administration after co-founder Jonny Wilkinson failed to raise a $500,000 bridging round.
The platform's administrators are Damien Mark Hodgkinson and Mohammad Mirzan Bin Mansoor from Olvera Advisors.
Equitise plans to regroup and explore options and opportunities for the future.
The decline in crowdfunding and venture funding in the post-Covid era has affected the platform and the industry as a whole.