Leo links with crowdfunding platform for €50,000

A 101-year-old Dublin institution is hoping to entice lenders with a piping hot deal on crowdfunding website Linked Finance in what is the platform’s biggest ever campaign.

Leo Burdock, the capital’s iconic fish and chip brand, yesterday launched its €50,000 campaign on the Irish crowdfunding website.

Leo Burdock’s Charlie McGrachan described the campaign as an exciting opportunity for the business to expand and grow its workforce.

“We are delighted to be engaging with Linked Finance in this endeavour and we are looking to improve and expand the business with the renovation of our Temple Bar premises.

“This facility will enable the business to grow its profitability as well as increase employment.

“It is an exciting time for Leo Burdock and we are hoping lenders will see this as a great opportunity to be part of an expanding iconic and historic Dublin establishment,” he said.

Linked Finance facilitates crowd lending for Irish businesses. Responsible business borrowers are vetted as part of the Linked Finance registration process and can access cash-flow from a large pool of potential lenders.

These lenders can then in turn request and earn significant returns on their investment and engage with the businesses they invest in, both as customers and backers.

An increasing number of businesses have turned to crowdfunding platforms in the last year including Cork-based firm Curious Wines, which completed a €30,000 campaign during the summer in what was one of Linked Finance’s most successful ever loan bids.