Ticketing platform MOOKH and Pataflow have entered in a partnership that will give event organizers a sigh of relief from the headache of securing key supplies before ticket purchases.
The partnership is aiming to make event funding much more accessible by offering flexible repayment terms and personalized rates.
Mookh and Pataflow is offering event organizers up to Kes 10 million in funding with a flexible repayment period, lifting the worry about financial constraints.
The flexibility in the factor rate, based on event type, performance history, and ticket sales projections, shows that they’re aiming to provide fair and reasonable terms based on the unique circumstances of each event.
MOOKH and Pataflow also provide a customized factor rate for each event, which ranges from 1.05% to 1.42%.
This rate is not fixed across the board but is tailored to each event based on several important factors such as risk profile of the event type, the historical performance of similar events, and even the ticket sales projections.
This ensures that event organizers are charged a fair and proportionate rate based on the likelihood of success and the unique characteristics of their event.
This new offer, poised to benefit large scale events in the lucrative showbiz industry might leave organisers of small event in the dark that often attract MSMEs and startups.