Merodis assists Fintech Koalaboox with its €13m bond placing

Merodis assists Fintech Koalaboox with its EUR 13 million bond placing

Brussels, Belgium, December 22, 2017

Merodis, an independent corporate finance advisory firm, is pleased to announce that it has advised Koalaboox, a Belgian Fintech, with the issue of asset-backed bonds to finance its factoring activity aimed at SMEs.

Koalaboox (http://www.koalaboox.com) operates an e-invoicing and factoring SaaS platform for small and mid-sized companies. The platform is backed by strong demand from these corporates for a sophisticated, albeit user-friendly, invoicing management tool with invoice-financing as a unique feature in the market. The platform has attracted 14,000 users in Belgium.

The factoring activity, launched in mid-2015, gives SMEs crucial access to financing. This tool is also gaining strong momentum, with a total of close to 700 companies having used the platform, from less than 200 twelve months ago. A total of 16,415 invoices were financed since inception, with just over 11,000 in 2017 alone. All-in-all, financing volumes have exceeded EUR 67 million, a significant amount which supports the growth ambitions of Belgian SMEs.

The platform’s main financing entity is KoalaFund, a strictly-regulated Luxembourg-based asset-backed fund which has collected financing commitments for a total of EUR 13 million in 2017. KoalaFund issues secured asset-backed bonds offering an attractive risk-reward profile. Merodis is looking forward to continue to support its strong expansion expected in 2018.

Interested to find out more about our services and about KoalaFund? Please contact:

Arnaud Goossens

ago@merodis.com, +32 473 53 04 66

Steven Meuldermans

sme@merodis.com , +32 494 57 36 98

Dirk Marckx

dma@merodis.com, +32 495 38 17 81