Zilingo spins off tech, product, IP units to Swiss startup Buyogo as it reaches debt settlement

Zilingo spins off tech, product, IP units to Swiss startup Buyogo as it reaches debt settlement

Visual of Zilingo app. Credit: Zilingo

Singapore’s B2B fashion marketplace Zilingo is spinning off its technology, product and intellectual property (IP) units to Swiss startup Buyogo as the firm nears a settlement with its creditors.

Buyogo AG is a Zurich-based software-as-a-service (SaaS) startup focused on digital e-commerce solutions for small and medium-sized businesses. This comes days after Zilingo appointed EY as provisional liquidator to wind up the firm, according to a filing on January 18.

Edited by: Padma Priya

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