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About this campaign

Campaign created

Friday, Sep 08 2017

What we are borrowing for

Following the launch of Flender April 2017 the company is raising £2m to scale the proven model.  

We have put in place a €340,000 convertible loan with 12% interest rate and 20% discount on the conversion until we close this equity raise. 

Participants in this campaign: Please note that your funds are earning interest from the day of your investment.
This is different to normal campaigns where the loan needs to close out before investors start earning interest.


We are offering an opportunity to participate in this convertible loan note to our existing investors and lenders on our platform.

Flender is about letting friends and loyal customers become part of each other's success. Like successful equity crowdfunding platforms - Seedrs and Crowdcube, we are inviting our crowd to join in our success and be part of our Convertible Loan Note through a campaign on our own platform.

The minimum investment amount to participate in this loan note is €5,000

Where we are based

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Why invest in us?

  1. Proven technology platform, business model, proposition. The loan note will help accelerate expansion into other markets.

    Full FCA authorisation awarded by the UK regulator for Flender's launch in the UK.
  2. The instrument purports to create €340,000 convertible loan notes in NKK Finance Ltd (the “Company”).
  3. An interest rate of 12% will accrue on the loan notes and is payable upon redemption of the loan notes.
  4. The Terms

    • The loan notes may be utilized by the Company for the purpose of financing the business activities of the Company and no other purpose.
    • The loan notes are unsecured.
    • Interest will be paid net of any income tax or other tax withheld or deducted by the Company.
    • The Company can redeem the loan notes earlier than:
    (i) 12 months from the date the loan note is entered into; or
    (ii) completion of the latest investment round (i.e. receipt of funds from current £2m fund-raise at £10m post money valuation) by paying the principal loan note amount with accrued interest.
    • Alternatively, on notice of the above, the note holder may within 10 business days elect to invest for ordinary shares in the Company at a 20% discount (subject to the discount price not falling below the nominal value of those shares).
    • The loan notes may be transferred only on consent of the Company.
    • Interest and capital are both repaid at the end of the 12 month term or can be converted into shares.

How we will use you investment

Due to the successful rollout of the platform in Ireland and the subsequent awarding of full FCA authorisation to launch in the UK, the company is raising funds to expand to the UK market.

The funds will be used to scale up the team and ensure that sales, marketing and compliance roles are sufficient for the much larger UK market.