Triplejump drops staff

Cecilia Farrow

The company, which had been discussing a share market listing and international expansion, has instead sent staff home. At one point, the head office employed 14 staff.

The founders of the company pumped millions into its development, and were backed by big names including venture capital funder K1W1, Henry Tait, Rob Cameron and Ralph and Pamela Norris.

Triplejump had been heralded for its innovation, with a software platform that was described as world-leading and with the potential to be picked up by big banks all over the world.In 2013, the Government grants agency Callaghan Innovation gave the firm $1 million to help it develop its software and sell into international markets.

Now its future looks to be in jeopardy.