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The Company was founded in 2010 by a team of IT specialists who brought together their knowledge of various software systems about the transport industry and technology. Since the foundation, the Company has been providing transport security solutions, software development, support and maintenance services for many of the largest Latvian private and state companies. Currently, the company is looking for working capital financing of EUR 255,170 for a 12-month period to execute the development of the information system of State Social Insurance Agency as well as to complete other projects in the pipeline. Funding will be granted to the Company but is intended for the future projects of two companies – related companies, participating together in public procurements and executing orders. Investors are offered 12.72% annual (1.06% monthly) interest with a quarterly amortization schedule. The loan is secured with a personal guarantee from the key manager, as well as a guarantee from the related company.
The Company is a repeat client of Capitalia and has repaid three loans for a total amount of over EUR 300,000. An existing loan with remaining principal EUR 53,000 is being repaid with excellent payment discipline.
There is a number of factors that make investment in the Company an attractive opportunity and the main highlights are the following:
- Excellent previous cooperation with the Company and the management that has repaid a total of 300k EUR loans through this and affiliated companies, moreover existing loan is being repaid with excellent payment discipline;
- The Company has a track record of growth and profitability;
- The management has more than 10-year experience in the IT industry;
- A significant pipeline of signed contracts for implementation;
- The loan is secured with a personal guarantee from the manager as well as a guarantee from the related company.