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Two Dutch startups, Tykn and LoCoMoGo, have declared chapter this month.
Tykn, The Hague-headquartered blockchain-based digital id administration platform, was declared bankrupt by the courtroom in The Hague on July 14.
That very same day, Locomogo Holding BV, beneath the title Kipkemoi Enterprise BV in Amsterdam ( Noord-Holland ), was declared bankrupt by the courtroom in Overijssel.
Chapter filings are anticipated to rise in 2022 as governments withdraw measures adopted to assist corporations keep afloat in the course of the COVID-19 pandemic, experiences commerce credit score insurer Euler Hermes.
Within the Netherlands, round 166 bankruptcies have been issued in June, a lower from 241 reached within the earlier month, reveals Statista report.
There is no such thing as a clear motive as to what brought about the chapter of two Dutch startups in query. We at Silicon Canals have reached out to each corporations for his or her feedback, and can replace this story if we hear again from them.
LoCoMoGo: What it’s essential know
Based by Kibet Kipkemoi, LoCoMoGo was born from the idea that each baby can study to code and have enjoyable whereas doing it.
The corporate creates merchandise that educate kids aged 4 to 12 coding via video games.
Their first product: a toy prepare! The Amsterdam-based firm claims that the LoCoMoGo Prepare is the primary non-robot toy to take youngsters from screen-less coding all the way in which as much as real-world coding when they’re just a little older.
Earlier this 12 months, LoCoMoGo’s answer was showcased on the CES (Client Electronics Present) 2022 in Las Vegas, representing the Netherlands.
Tykn: What it’s essential know
Based in 2016 by Khalid Maliki and Jimmy J.P. Snoek, Tykn’s platform permits organisations to difficulty tamper-proof digital credentials that are verifiable anyplace, at any time.
Additional, customers are supplied with an app, a digital id pockets that works on each cellular system. Customers can show their ID to entry providers whereas remaining answerable for what private knowledge is considered, shared and saved.
In 2019, the corporate raised €1.2M from Dutch IT entrepreneur Johan Mastenbroek.
Catch our interview with Paul Down, Head of Gross sales at Intigriti.
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