DECIMAL FACTOR LIMITED raised £ 860,387 on Seedrs on 26 Nov 2019

Seedrs

Who are DECIMAL FACTOR LIMITED

DECIMAL FACTOR LIMITED is located in London.

Arranging responsible funding to small and medium sized businesses.

At Decimal Factor, we are aiming to converge payment and lending to connect small and medium sized businesses with responsible funding.

When talking to merchants and channel partners, it became apparent that the number of rejections they’d had to endure in trying to secure the funds required to grow their business was a major pain point. It got us thinking; why can’t an entrepreneur simply press a button and obtain funding to grow their business? Why can’t Fintech deliver a daily package of services to the business owner so that they know exactly how much capital is available to invest in the business?

We believe we have come up with a way to bring together the great technologies already in existence: capital sources, financial services, payment services and business services, and we aim to deliver converged solutions in real-time to our clients.

Company details for DECIMAL FACTOR LIMITED

The company was incorporated as a Private limited with Share Capital on 19 May 2008 and is registered in the UK at Companies House with Company Number 06596471

The sector the business operates in is described at Companies House as 82990 – Other business support service activities n.e.c. with its registered office at C/O BUTLER & CO LLP, 126-134 BAKER STREET
LONDON
W1U 6UE.

Current status of the company is Active.

How much was raised in the Decimal Factor Seedrs Crowdfunding Campaign

Company funded on 26 Nov 2019 with £860,387 at a pre money valuation of £17,000,000 . The target raise was £850,000 for 4.76% of the equity of the company.

The raise was a Equity raise.

The company operates in the sectors Finance & Payments , Mixed Digital/Non-Digital and B2B .

What information do the filings at Companies House provide about the Company

Last accounts made up to 31 March 2019 filed by the company show

  1. Cash £58.1k
  2. Net Worth £180.6k
  3. Total Liabilities £213.5k
  4. Net Assets £180.6k

The records indicate the company has total directors of 1 and 1 shareholders.

Accounts Filing Status

  1. Last Accounts – Last accounts made up to 31 March 2019
  2. Last accounts made up to 31 March 2019

Confirmation Statement Status

  1. Last Confirmation Statement – Last statement dated 19 May 2020
  2. Next statement date 19 May 2021
    due by 2 June 2021

Filings Recently Made By DECIMAL FACTOR LIMITED

01 Jun 2020 – Registration of charge 065964710002, created on 28 May 2020

23 May 2020 – Confirmation statement made on 19 May 2020 with no updates

20 Dec 2019 – Total exemption full accounts made up to 31 March 2019

20 May 2019 – Confirmation statement made on 19 May 2019 with updates

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