MyFirstApp Sweden AB (Publ) secures a credit of 500 TSEK from an related party
Stockholm - February 29, 2024MyFirstApp has today secured a credit of 500,000 SEK from a related lender to strengthen its working capital. The credit can be utilized as needed, up to a limit of 500,000 SEK. Initially, the credit will run until December 31, 2024.The company has today entered into a credit facility with Iron Branch Invest AB for 500,000 SEK, which carries market-rate terms of 8% annual interest + STIBOR, due on December 31, 2024. Final payment will be made at 108% of the debt on the due date.This is a related party transaction since Jesper Nord is the CEO of both the