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Harald Klinke

Albert Saniger, ex-CEO of AI shopping app Nate, has been charged with defrauding investors. Despite claiming near-total automation, Nate allegedly used humans in the Philippines for nearly all transactions. The startup raised $50M—now mostly lost.

techcrunch.com/2025/04/10/fint

TechCrunch · Fintech founder charged with fraud after 'AI' shopping app found to be powered by humans in the Philippines | TechCrunchAlbert Saniger, the founder and former CEO of Nate, an AI shopping app that promised a “universal” checkout experience, was charged with defrauding
Apr 11, 2025, 02:02 PM·Public·IceCubesApp
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