Funding woes for 2ergo
SALFORD mobile app developer 2ergo has failed to secure extra funding.
Earlier in the month the business told investors that, “no further assurance could be given on the future of the group until it was able to ascertain the quantum and terms of funding available”.
In a brief statement to the stock market it said: “The board has not been able to reach a conclusion with one particular fund raising option which was expected to close this week.”
It is now pursuing a “number of other potential fundraising options”. 2ergo’s main product is the Podifi offers service which allows customers on any mobile network to redeem local discounts and promotional offers using their phones.
Once the app is downloaded users can redeem offers by tapping the phone over a specially installed ‘podifi pod’, connected to a till.
