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More Exec Departures Hit Payments Startup Clinkle

Things go from worse to even worse.

Kostyantyn Ivanyshen / Shutterstock
Jason Del Rey has been a business journalist for 15 years and has covered Amazon, Walmart, and the e-commerce industry for the last decade. He was a senior correspondent at Vox.

Sooner or later, you’d think the bleeding has to stop at Clinkle. Not yet, though.

Re/code has learned that Chief Service and Operational Officer Andy Rendich has left the startup just a few weeks after COO Barry McCarthy and design chief Josh Brewer departed following short stints at the company.

Rendich, a and Netflix veteran, joined McCarthy, another ex-Netflixer, at Clinkle in December. He was hired to run “IT infrastructure support, data warehouse operations and customer service operations,” according to a Clinkle press announcement at the time.

Sources say that Clinkle is also losing Jeff Goslin, another former Walmart and Netflix veteran, who Rendich had brought on board this year to create Clinkle’s customer service strategy.

Rendich didn’t respond to requests for comment, and Goslin declined to comment.

In an emailed statement, Clinkle spokeswoman Ana Braskamp said, “We’re adding users by the week and remain focused on hiring in product and engineering. We wish them the best in their future endeavors. ”

Clinkle, of course, is the mobile payments company started by young Stanford graduate Lucas Duplan. It has raised more than $30 million in investments from a long list of big-name backers, including Stanford, Richard Branson, Andreessen Horowitz and Peter Thiel, but hasn’t yet publicly launched its app and has experienced incredibly high turnover.

Along the way, the investor group has remained remarkably silent. It’s not clear what that means for the young CEO Duplan, but you’d have to think that a bunch of executive departures happening so quickly can’t help recruiting going forward.

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