Source: Cision

Nustay: Nustay secures debt financing of DKK 10 million to secure further development

Today, Nustay A/S ("Nustay") announces that the company has secured a debt financing. The debt financing from 3 private and public financiers amounts to a total of DKK 10 million and the Company will be provided with the capital during the beginning of September 2019. The purpose of the debt financing is to fund Nustay's operation, marketing activities, platform development and organizational development in the short term. The debt financing is intended to be re-paid in a future planned capitalization. The debt financing will run until it is repaid, but no longer than March 31, 2020. The

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Mathias Lundoe Nielsen's photo - Founder & CEO of Nustay

Founder & CEO

Mathias Lundoe Nielsen

CEO Approval Rating

88/100

Nustay is an online hotel booking platform that allows users to book travel accommodation in hotels. Read more