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U.K. FinTechs\u00a0VibePay<\/a>\u00a0and\u00a0Smartlayer<\/a>\u00a0have shut down, according to media reports.<\/p>\n VibePay, which was founded in 2019 and offered a consumer payments app that focused on account-to-account payments and targeted younger consumers, has entered liquidation, Finance Feeds\u00a0reported<\/a> Thursday (April 2), citing a Companies House\u00a0filing<\/a>.<\/p>\n The company found itself without acquisition support after a proposed\u00a0acquisition<\/a>\u00a0by\u00a0Banked<\/a>\u00a0was not completed, and without continued funding after investor backing was withdrawn, according to the report.<\/p>\n We\u2019d love to be your preferred source for news<\/a>.<\/p>\n Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n Finextra also\u00a0reported<\/a>\u00a0on VibePay entering liquidation, saying that the company\u2019s founder and CEO,\u00a0Luke Massie<\/a>, left VibePay in December.<\/p>\n Tech.eu\u00a0reported<\/a>\u00a0that VibePay had been backed by\u00a0Candy Ventures<\/a>, which pulled the plug after conducting a strategic review of the business after the departure of Massie. A Candy Ventures spokesperson said, per the report: \u201cThe findings were shared with key investors in January, who decided not to commit further capital. As a result, and after exploring all available options, the board concluded that placing the business into liquidation was the only viable course of action.\u201d<\/p>\n In another, separate development, Smartlayer, which operated for three years and applied data and artificial intelligence (AI) to household finance, mortgage underwriting and loan decisioning, has shut down, according to the Finance Feeds report, which cited a statement from founder Tahir Farooqui<\/a>.<\/p>\n Advertisement: Scroll to Continue<\/p>\n<\/div>\n FinTech Futures also\u00a0reported<\/a> on the shutdown of Smartlayer, saying that the company was established in 2022, raised $835,000 in a seed funding round in 2024, and developed a flagship product called HomeScore<\/a>\u00a0that brought together data from smart meters, Internet of Things (IoT) devices, Energy Performance Certificate (EPC) ratings and open property data.<\/p>\n