Fintech company Douugh has engineered a backdoor listing on the ASX via Ziptel Limited.Ziptel will be renamed Douugh Ltd and must seek re-admission given the change in activities.On the hunt for capital for some time, Douugh may be pioneering a path others will follow to side-step the shutdown in access to capital experienced across the fintech sector.A software business with no revenue, Ziptel had net assets of A$1.4 million at the end of December. The ASX suspended trading in its shares two months ago.New investors are being asked to back a company still burning cash.Annualised half-year accounts for Douugh show revenue of $1.2 million, a loss of $1.7 million and negative net assets of $1.1 million.Andy Taylor, the founder and CEO of Douugh will have plenty of skin in the game. Via his company Digital Bakery Taylor will hold a 34 per cent stake.Taylor will lead the new board of directors alongside Patrick Tuttle and Steve Bellotti. Bert Mondello from Ziptel will remain on the board.