![]() All the sources Business Insider spoke to say Travers and Sutherland presented a series of excuses for why they couldn't pay that felt unrelated and fantastical, rather than facing up to the fact that the business was having cash flow issues. But the sources Business Insider spoke to are unhappy with the way the debt was dealt with. It is not usual for them to run into money trouble. Startups are by their nature high-risk endeavours. ![]() Many of those involved continued working on good faith - and the debts owed by the company grew larger, these sources say. Multiple sources say that people who worked with the pair repeatedly asked both Travers and Sutherland for overdue payments and were repeatedly reassured that money was on the way. But problems began after a few months of operations. Sutherland had worked for T-Mobile and an app building agency.Ĭontractors, staff, and freelancers initially reported no trouble getting paid. Travers had worked for fintech businesses Monitise and MPayMe ( sold to Powa Technologies). The startup's aim was to build "white label" products for banks- apps and services that large lenders could stick their logo on and give to their customers. Travers and Sutherland set up WeAreBriqs in early 2015. The pair may well dispute the version of events told to BI. Most of the sources who spoke to BI are owed money and so have an issue with Travers and Sutherland. The sources spoke to Business Insider on the condition of anonymity, fearing that speaking publically could damage their financial claims against the pair, which are still ongoing. IAmBank's press officer said the startup had no comment on the story as "Briqs and IAmBank are two separate companies." In a blog post advertising the new venture, Travers says IAmBank will help people with "paying off their debts sooner and building their wealth and savings faster."īoth Travers and Sutherland declined repeated requests to comment through IAmBank's press officer. ![]() WeAreBriq's British cofounders, Lee Travers and Sebastian Sutherland, are now understood to be in Chicago working on a digital challenger bank, IAmBank. The cofounders of a new challenger bank are being pursued by former associates and staff for what they claim are unpaid debts of tens of thousands of pounds.Ĭompanies and individuals that dealt with WeAreBriqs, an apparently now-defunct banking technology company, claim they are owed over £100,000, according to documents reviewed by Business Insider and conversations with over half a dozen sources. Lee Travers appearing on online financial channel Cheddar earlier this year. “The amount of drugs was too much for his body to cope with and proved fatal.Account icon An icon in the shape of a person's head and shoulders. She said: “Lee had a known history of using illicit drugs and would routinely administer intravenously. Two people cut from wreckage after crash on North Devon Link RoadĪ conclusion of drug related death was given by assistant coroner Luisa Nicholson who recorded his occupation as being a shop worker.Murder case victim was dead before his caravan was torched in Devon.His GP told in a statement how he had tried to stop using heroin by contacting local drugs services, but had then substituted it for alcohol. Mr Travers’ GP records gave a history of drugs and alcohol misuse. ![]() The report stated the combination heroin and cocaine is associated with a greater risk of death, and the alcohol would have contributed to a depressive effect in the brain. A post mortem examination confirmed the cause of Mr Travers' death was multi-drugs toxicity - heroin, cocaine and alcohol.
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