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Idar Vollvik’s mobile app, Geddit, launched in eight markets last year and was set to conquer Ghana. In October, the company in Bergen processes a bankruptcy application.
Idar Vollvik has had bad weather lately, as a result of allegations of incorrectly marked face masks. Now your mobile business is bankrupt.
Alice bratshaug
Published:,
It appears on the list of frames at the Bergen District Court, where the bankruptcy petition will be processed on October 27.
The company has been declared bankrupt by Peder Søholt, who is listed on the Geddit website as the company’s chief technology and product officer. He does not want to comment on the case to E24.
Geddit was Idar Vollvik’s big investment before he sold. It’s an app called gamified where users can walk through a virtual world, like in Pokémon Go, and discover deals and puzzles that can be solved to win prizes and offers, E24 wrote last year.
Then-CEO Andreas Bakketeig resigned in May this year, according to Brønnøysund’s records. You have not responded to E24’s query.
E24 also failed to contact Vollvik on Wednesday afternoon.
So far, the company has not submitted the 2019 annual accounts to Brønnøysund’s records. In 2018, Geddit AS had a loss of NOK 12.5 million.
Read on E24 +
Stavanger company is suing Idar Vollvik for 3.9 million
Extended to Ghana
E24 wrote in 2018 that Vollvik thought Geddit was worth “a few hundred million” at the time, but did not dare to quantify the value.
That same year, Geddit signed a partnership agreement with Brian Lindsay Marcar, CEO of the Thai entertainment and media company Bec-Tero, in which Marcar owns 51 percent of Geddit in the country.
Last year, Geddit also left Asia and expanded to the West African country of Ghana.
According to the Myjoyonline website, African film actor and comedian Richard Asante, known as “Kalybos,” signed on as the app’s ambassador and shareholder in June.
Vollvik is chairman of the board of Geddit AS, of which he owns 14 percent through the Vovi AS company.
also read
Idar Vollvik launches mobile app in Ghana
Incorrectly marked nozzles
It is also through Vovi AS, among others, that Vollvik has sold the much-discussed sanitary pads, which the police believe were incorrectly marked.
Vollvik was arrested in his own home by the police on 3 September, when the police acted against three of his business premises.
Police believe the former billionaire has deliberately repackaged face masks that are not approved for medical use and has marked them as medical masks.
The series founder has admitted to repackaging the bandages, but denies his criminal guilt.
For E24, Vollvik has stated that it was a misunderstanding about a batch of bandages that a Norwegian player had bought.
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Idar Vollvik: – Repacking a bandage is not a crime.
