The Financial Times is reporting that Web currency company Beenz.com has put itself up for sale.
Without citing sources, the FT asserts that Beenz is in talks with a number of potential buyers and strategic partners.
Beenz raised $80 million to fund an ambitious international expansion programme at the height of the dotcom boom. The company has since retrenched in a bid to preserve cash. According to the FT, Beenz has sacked 70% of its 260-strong workforce and advanced plans to close most of its international offices.
The company claims 5.4 million account holders for its online loyalty programme.