Financial risk. Coins falling and Warning label on whitebackgrou

FreightWaves reports:

After initially blaming an internal administrative error for the failure to pay its North American employees for nearly a month, Dallas-based logistics tech startup Slync.io stated Thursday that its “inability to timely liquidate funds” is the real reason for its ongoing payroll nightmare.

“The company’s recent payroll issues resulted from the company’s inability to timely liquidate funds from an otherwise attractive investment vehicle in order to make recent payroll and not from any funding shortfall,” said Jaime Reints, vice president ...

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Slync.io