ZenCash To Shut Down

Dallas-based cloud-based invoicing software developer ZenCash says it is shutting down on March 1st, according to the company's CEO and founder, Brandon Cotter. According to Cotter, the company is shutting down due to cancellations and "lack of traction" for its services, which helped companies collect on business receivables. Zencash said that it will be splitting off one of its departments--its "white glove" service--into a separate business. Zencash had launched in February of 2012, intent on helping small businesses and freelancers better manage collections on their invoices.