Addixo #2

Presentation of the company

Created in 2017, Addixo is active in the IT consulting sector. The company, located in Montigny-Le-Bretonneux, has 105 employees. Since 2017, it is managed by Imed Ayadi who has overall 5 years of experience in the sector.

Main activities:

• Smart equipment
• Digital manufacturing

Project description

The company wants to borrow €350,000 over 48 months to finance its investment plan to develop its business by hiring 6 highly technical profiles, purchasing new software and hardware. The group has already recruited 4 people following the December 2022 financing. This project will be completed in the coming months.

The maximum amount the company can borrow on October is €700,000. We have taken this into account in our analysis. The credit rating is not affected.

The amount offered on the platform is limited to €171,500 which is in line with regulatory limits.

October has already supported the borrower company with 1 project, which is still in the process of being repaid. The outstanding capital is €337,310 according to the amortisation schedule.