Tech startup launches financing for festivals
Easol Capital has made loans of between £1,000 and £1.5m available in the UK and US, with plans to expand to European markets
News By IQ | 23 September 2022
Easol, a festival, travel and event ecommerce startup in London, is launching a new financing solution designed for festival organisers. According to the company, Easol Capital will create a “fairer, flexible and transparent financing process that puts control back in the hands of festival organisers”.
Organisers that take out an Easol Capital-facilitated loan will pay a fixed fee that is a percentage of a borrowed amount – typically 5-12% – rather than an interest rate.
Similarly, repayments will be a fixed percentage…
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