Kipline

Warning

Today, the company is partly controlled by investment funds of the 123IM group, which Olivier Goy (founder and chairman of october’s management board) created and managed until 2014. Olivier Goy is however no longer operational in 123IM and has no impact on fund management. 

In addition, we recall that October executives (including Olivier Goy) invest systematically and significantly in all projects presented on October in order to align their interests with those of lenders.

Presentation of the company

Created in 2009, Kipline is active in the catering sector. The company, managed by David Bokobza and Nabil Rhazali, has 30 employees and is based in Paris.

The company’s exploiting 14 salad bar restaurants in Paris under the brand name Côme and had an important growth in the last few years with the opening of more than 10 restaurants in 2 years.

The company works with 3 suppliers of fresh products.

Project Description

The company requests 250 000 € with 3 months of deferred repayment to refinance finishing works and administrative fees on a new restaurant on Mathurins street, in Paris. This project will be realised this quarter.

This project is a Flexible Bridge Loan, an amortizable loan with a standard commitment for the first months and the possibility of early repayment at no cost for the remainder of the loan term, even in the event of refinancing by other financial institutions.

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 122 500€, which is in line with the regulatory limits.