Prezzee founder quits Shaun Bonett-owned gift card company

Already a subscriber?Claire Morris, the co-founder of Prezzee, the e-gift card payments group now controlled by businessman Shaun Bonett, has resigned from the board and as a brand ambassador, becoming the latest in a string of senior figures departing the company.

Prezzee has only filed one set of accounts, showing it lost nearly $40 million in 2022, which it blamed on accounting changes. No accounts for last year have been filed.“It is with great sadness I inform you of Claire Morris’ decision to step down from her role as a board member and Global Brand Ambassador,” Mr Bonett wrote. “As a co-founder of Prezzee, Claire has helped grow the business from its ‘start up’ beginnings to a global business.”Ms Morris did not respond to a request for comment.

“Most of the staff you have listed either did not report to Mr Bonett or have any day-to-day dealings with him, or were contractors who were employed for fixed periods of time,” Mr Bonett’s spokesman has previously said. That figure comes not from a share sale, but from investment bank Morgan Stanley, provided as part of a pitch to float the business in 2021, a period when valuations for technology firms were sky high.

Source: News Formal (newsformal.com)

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