presented by October Netherlands
lent to this project, means…
paid back in total
taxes not includedCreate your account
Warning Lending money to SMEs presents a risk of capital loss and requires your savings to be immobilised.
Information & Communication
Created in 2011, Abstraction Games B. V is active in the gaming sector. The company, managed by Ralph Egas, has 44 employees and is based in Valkenswaard.
Mr. Ralph Egas, managing director, has overall 20 years of professional experience in the gaming sector.
The company’s main activities are:
The company works with several game developers.
Abstraction Games B. V. ports games, this implies that games developed and released for one device/platform are made suitable for other devices/platforms. As a result of the services of Abstraction Games B. V. , game developers are able to offer their games on multiple consoles.
The company requests 1.000.000€ with 3 months of deferred repayment to finance the development of instant-porting software. This project is part of a larger investmentplan, with a total investment of 2.300.000€. The first part of the investment took place in 2018, a large part will be developed in 2019 and the software is likely to be ready in the last quarters of 2020. With instant-port software, the company’s process will become less labor intense. This project will be realised in the next few months.
This project is a medium-term loan with a capital amortisation deferment and as such presents a different method of capital repayment than standard projects. The first 3 months, the lenders will only receive interest; the following 45 months, the lenders will receive interest and principal amortization. This principal repayment profile matches the borrower’s financing needs while allowing lenders to earn a higher amount of interest.
The amount offered on the platform is limited to 490.000€.