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Metigy founder David Fairfull charged with fraud over the startup’s collapse

  • David Fairfull, the bankrupt founder and former CEO of marketing startup Metigy, has been charged with fraud following an ASIC investigation into the company's failure.
  • Fairfull allegedly provided false information about the company's revenue and income to potential investors and used his position as a director to obtain a personal loan of over $7 million.
  • Metigy, a digital marketing startup that aimed to provide small businesses with data and strategic insights, collapsed in July 2022, just 20 months after raising $20 million in a Series B round.
  • Fairfull admitted to providing false bank statements but claimed to have acted alone. The matter will be heard in court on December 10.

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