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    Wellington Management

    News stories featuring Wellington Management:

    Powa goes into administration

    February 22nd, 2016

    The company behind the PowaTag mobile payments platform has gone into administration, the Financial Times reports. Powa Technologies CEO Dan Wagner “sent an email to staff on Friday telling them that Wellington Management, its largest investor, had called in loans that it had made to the company and forced it into administration,” the publication says. The news follows reports late last week that the company had failed to pay its staff and suppliers.

    Powa raises $80m for US launch

    November 11th, 2014

    Powa Technologies has raised US$80m from Wellington Management to launch its PowaTag mobile payments platform in the US. The company has now signed up more than 950 retailers and brands worldwide, Powa has told NFC World+.

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