Flender provides Irish SME's quick access to finance through institutional funds and the crowd.
Business Highlights
Fundraising history | This round | |
---|---|---|
Type
|
- | Equity - Pre-emption |
Last price changed
|
14 Jun 2017 | 13 Jun 2019 |
Valuation
|
£5,708,140.05 | £10,005,706.55 |
Share price
|
£9.55 | N/A |
Share price change (%)
|
0.00% | - |
Tax relief
|
- | EIS |
Idea
Introduction
Flender is a marketplace lender for the Irish SME market. This market has suffered from a large funding gap as the incumbent banks have retrenched.
The Irish SME market was valued at €3.7bn in 2018 a 31% increase since 2016.
Through a combination of P2P funding and institutional investment, Flender is delivering much needed funding to Irish SMEs quickly and efficiently.
As this is a pre-emption campaign open only to existing investors, limited information is being provided at this time.
Please note that Flender has two outstanding Convertible Loans:
- One for £350,000 with a 12% interest rate. This is convertible on an investment round of £2m or more, at a 20% discount to the price set by the round.
- One for €350,000 from Enterprise Ireland. This is convertible at a discount to a trigger event. The discount ranges from 15% to 55% depending on the time it takes for the trigger to occur.
Seedrs investors will have pre-emption rights on these amounts once they convert into ordinary shares.
Open an account to get access to the team members of Flender
Already have an account? Log in
To comply with financial regulations, we can only show full campaign details to registered users.
Open an account to get access to the Flender campaign updates
Already have an account? Log in
To comply with financial regulations, we can only show full campaign details to registered users.
Open an account to get access to the list of investors in the Flender campaign
Already have an account? Log in
To comply with financial regulations, we can only show full campaign details to registered users.
Open an account and verify your identity to get access to the Flender discussion
Already have an account? Log in
To comply with financial regulations, we can only show full campaign details to registered users.
Open an account and verify your identity to get access to the Flender pitch deck and other documents
Already have an account? Log in
To comply with financial regulations, we can only show full campaign details to registered users.