Travel start-up Voya may be insolvent

In 2020, VW Financial Services acquired the Hamburg-based company, and now Voya is on the verge of going out of business.
Only last year VW Financial Services took over the start-up Voya, now it is known: The Hamburg-based company is insolvent. In 2015, the founders Florian Stege, Maximilian Lober and Pepijn Schoen set themselves the goal of easily planning, booking and invoicing business trips digitally. In doing so, they wanted to reach small and medium-sized businesses in particular.
As German startups reported, the start-up has now filed for insolvency, the liquidation will be supervised by the lawyer Gideon Böhm. The Hamburg-based company had already announced in its 2019 annual financial statements that it had changed its shareholders due to the Corona pandemic - meaning the takeover by VW Financial Services. This was also accompanied by a financial injection. At the same time, Voya gave up its direct retail business and entered into a licensing agreement with Lufthansa City Center Reisebüropartner GmbH, which distributed Voya's products.

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