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Korsit #2

presented by October Netherlands

€1,200,000

4.25%

48 months

A+

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location

Location

Eindhoven, Netherlands

activity

Activity

Commerce

Presentation of the company

Created in 2012, Korsit B. V. is active in the retail sale via internet of other non-food products. The company, managed by Sebastiaan Korse has 45 employees and is based in Eindhoven. Korsit group is created in 2012.

Mr. Sebastiaan Korse, managing director, has overall 8 years of professional experience in the sector.

The group’s main activities are:

  • Online sales of giftcards, prepaid cards and game keys Business to business sales of giftcards, prepaid cards and game keysThe group works with cards from a. o. Amazon, Apple, Spotify, Playstation, Steam and Google.

Project Description

The company requests 1. 200. 000 € to finance the purchase of inventory for further growth. This project will be realised in the next few months.

As a reminder, the October lending community supported Korsit BV in May 2020 with 2. 000. 000 € to finance te growth of the business.

This project is a Flexible Bridge Loan, an amortizable loan with a standard commitment for the first 9 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.

The amount offered on the platform is limited to 588.000€, which is in line with the regulatory limits.