The Internet would appear to be ideally suited to the distribution of financial products but there is still a relatively small number of standalone online outlets in the Irish market.
The biggest business casualty so far is the company behind the personal finance and insurance
Web portal, finance2u.com, which issued a liquidation notice to its creditors last week.
The venture, which was set up by a subsidiary of Vantage Technologies, was established in November 2000, backed by an initial investment of £1.7 million.
The creditors' meeting will be held today in Dublin to nominate a liquidator to wind up the affairs and distribute the assets of the company Finance2u Ltd. Finance2u.com was designed as a resource of product information, calculators, comparative quotes, and personal finance news and information. It planned to make money on sales commissions and fees from the financial institutions linked to the site.
