UK Bank gives equity to kink social network Killing Kittens

The British Business Bank confirmed on Tuesday that a government loan provided to Killing Kittens to help it through the Pandemic has been converted into an equity stake in the company.

The company was founded in 2005 by Emma Sayle and now calls itself the fastest-growing adult social network, and organizes members-only parties in exclusive venues where established gender stereotypes are challenged. According to a description on the website, Killing Kittens now has a mobile app that allows users to meet each other for casual dating, friendship, kink partners or long-term relationships. The program, which is funded from tax revenue, typically provides debt financing of between 125,000 $153,000 and 5 million $6.1 million, subject to the government's Future Fund matching the funding from private investors. The government has stakes in many other companies through the fund. As of March, 337 convertible loans it had awarded firms across the country turned into equity after those players raised further funds. Asked about the Killing Kittens investment on Tuesday, a British Business Bank spokeswoman said applications that met all eligibility criteria received investment. The representative added a statement to the statement that the Future Fund used a set of standard terms with published eligibility criteria. The process provided a clear, efficient way to make funding available as quickly as possible without the need for lengthy negotiations. Killing Kittens didn't respond immediately to a request for comment. After the initial investment in 2020, Sayle joked that she had never considered Boris as a sleeping partner, referring to UK Prime Minister Boris Johnson.