Clinkle exploded into headlines after raising a $30 million seed round. Since then, the company has remained in the news for all the wrong reasons - resigning executives, mishandled layoffs and product delays.
According to the same source, executives weren’t necessarily made aware of these hurdles when they were convinced to join the company. Many felt duped by Duplan. “[Executives] came in thinking, ‘OK, this product is launching soon,’” the former employee explains. “Then they realized the back end is not ready, the front end is not ready, Lucas is re-thinking the design, the architecture is not laid out, there’s no security framework, there’s no fraud detection framework, the bank contract is still being signed, the payment processor still needs a lot of work, and they still haven’t figured out who the credit card processor is going to be. These people got overwhelmed.”