A controversial property subletting start-up backed by Blackbird Ventures will pay more than $230,000 in fines to New York regulators after admitting to breaking the city’s short-term rental laws.
Kiki Club is an invite-only subletting business helmed by New Zealander Toby Thomas-Smith. It was once valued at $42 million but has changed product direction five times in the seven years it has operated.
Loading...
Amelia McGuire covers technology from the AFR's Sydney newsroom. She was previously the aviation, tourism and gambling reporter for The Sydney Morning Herald and The Age. Connect with Amelia on Twitter. Email Amelia at a.mcguire@afr.com.au
