Administrators have found buyers for two units of Powa Technologies, the failed payments startup that once claimed to be worth $2.7 billion.
Deloitte has managed to offload PowaWeb, which builds e-commerce sites for retailers, including Electrolux, Hoover and Harper Collins, to "digital growth agency" Greenlight. The division's CEO, Andy Muldoon and his 20-strong team will stay on.
Meanwhile, PowaTag, an app which let shoppers buy products from participating retailers by snapping QR codes with their phone cameras, has been offloaded to a consortium led by Powa executive Ben White.
The financial details of the deals have not been disclosed and a third division, mPOS provider PowaPOS, has not yet been sold.
Despite having raised a hefty $175 million in funding, Powa went into administration last month after the payments startup's largest investor, Wellington Management, called in loans. The firm's finances were so precarious it failed to pay many of its 300-plus employees for two months.
According to the Financial Times, Deloitte has managed to preserve 69 UK jobs but last week 72 people were laid off, with another 150-odd facing an uncertain future.