A new character has emerged in the StrongRoom AI story: Jay Zhou, founder of Aceso Group. But how big a role will he play?
As first reported by Capital Brief last night, a company created by Zhou on 14 April called SRSPV yesterday became the secured holder of Strongroom AI debt previously owed to Paddington Street Finance.
Shortly after VC firm EVP called in police on StrongRoom AI last month, Paddington Street Finance appointed receivers Walsh & Associates to secure its seven-figure loan to the medtech startup. The transfer means Zhou, via SRSPV, is now owed that debt — with StrongRoom AI's commercial property as collateral.
Aceso Group is a parent company to Ace Pharmacy, a trio of boutique "tech enabled" pharmacies in Queensland that are customers of StrongRoom AI, whose central product is software that replaces the paper-and-pen method of tracking prescription medicines.
