Kadoink Discontinues Services After Assets Are Seized By Lender

Kadoink says it is continuing to look for a buyer for its mobile platform that sends out ad-supported text alerts, even after shutting down its service last week, reports the WSJ. Last month, the San Francisco-based company was seized by Hercules Technology Growth Capital, its lender, when it failed to meet the financial requirements of a $2.5 million line of credit.

Kadoink

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