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Stampify CEO Guillaume de Vergnies during a company presentation. Photo: Jan Hanrion 

The start-up was founded in September 2017 by Laurent Kinet and Olivier Beaujean in Estonia, a digitalisation frontrunner in the EU. Less than a year in the pair moved the company to Luxembourg where it was taken over by Bernard Legros and Guillaume de Vergnies in July 2019.

The start-up developed digital company governance solutions, such as managing board meetings online, calculating the quorum, majority and strength of votes of board members. Other functionalities included digital signing of documents and electronic shareholder registers.

Stampify presented a prototype in December 2019. Despite finishing the year with €220,000 in losses, CEO de Vergnies in March 2020 announced the company was speeding up development.

The economy ministry selected Stampify as one of the projects to receive government funding under the StartupsVSCovid19 programme to develop solutions to combat the pandemic. Stampify was one of 14 projects chosen, receiving €116,000 in funding.

It also raised €55,000 from a trio of investors--ex-Payconiq CEO Michael Pechner, former director of Belgian financial sector federation Febelfin Patrick-Charles Drogné and former Panalpina technical director Alain Dejalle.

But the start-up failed to attract enough other investors and went bankrupt at the end of March 2021. At least for now, as a revival under the new investor trio remains a possibility.

This article was first published in French on Paperjam and has been translated and edited for Delano.