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.