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UK – Freelance marketplace Nodal falls into administration (AltFi)

22 October 2019

Nodal, the London-based freelance blockchain marketplace startup has fallen into administration, reports AltFi. Earlier this year, AltFi reported that Nodal had repeatedly failed to pay contracted staff and agency workers. Insolvency specialists at CVR Global were appointed by Nodal on 17 October, according to Companies House. On 30 September, in an email seen by AltFi, Oliver Hibbs-Brockway wrote to all Nodal’s remaining full-time staff to inform them that “unfortunately the Company is unable, at this stage, to make payment to you”.