Triple Dragon

Triple Dragon Limited is a London-based specialist games and technology finance company that provides debt funding to developers, publishers and ad networks in the video game and mobile application industries. Its product set covers user acquisition finance (loans used solely for user acquisition and marketing campaigns, sized up month by month as pre-agreed monetisation metrics are met, for mobile and PC/console titles), cashflow funding (working capital or development finance secured against app store, platform and ad network receivables and recurring revenue), project finance for individual game development projects, and studio investment. Loans are structured as debt rather than equity, are secured against receivables owed by platforms such as the Google Play Store and Apple App Store and ad networks such as AdMob and Twitter, and carry interest charged monthly on drawn amounts.

Project finance is offered mainly for PC and console projects, requires a playable build and a track record of at least one successfully released title, is recouped out of revenue, and gives Triple Dragon a share of the revenue or publisher pay-outs generated by the funded game; the company states it often works alongside co-investors and publishers on these transactions. Alongside lending, Triple Dragon has taken equity positions, for example a minority investment in Copenhagen game development studio Invisible Walls, developer of First Class Trouble. The company describes its mission as becoming a leading "merchant bank" for the video games and mobile app industry, and is registered with Companies House under SIC code 58210, publishing of computer games.

Since 2020 Triple Dragon has also acted as a loan originator on third-party investment platforms. It partnered with the Debitum Network marketplace in February 2020, listing receivable-backed and user acquisition loans that meet specified loan-to-value and collateralisation criteria (over-collateralisation of 125% or more on UA loans) with a buyback guarantee. Triple Dragon also underlies TD Funding (tdfunding.eu), a Luxembourg-registered peer-to-peer platform launched in 2025 that offers investors exposure to its game finance loans.

Founding story

Triple Dragon was founded by three entrepreneurs with backgrounds in finance and law who are also gamers: Charles Brooke, Pieter van der Pijl and Diederik van Lede. The company was incorporated on 12 December 2016 and Charles Brooke describes co-founding it in January 2017. The founders identified an opportunity to provide flexible funding and working capital to app and game developers whose revenue arrives through large technology platforms, making those receivables usable as security [0][1][3][6].

Business model

Triple Dragon lends its own capital to games and app companies and earns monthly interest on drawn loan balances, plus revenue shares or publisher pay-out shares on project-financed titles and returns on minority studio equity investments. Loans are collateralised by app store, platform and ad network receivables, publisher receivables and government tax credits, limiting credit risk to counterparties such as Apple and Google [0][1][2][4][6].

Interest charged monthly on outstanding loan balances, revenue or publisher pay-out shares on project finance deals, and returns from studio investments; funding for the loan book is raised in part from retail investors via third-party marketplaces (Debitum) and the TD Funding platform, on which listed loans have carried rates of up to 14% per annum [0][1][4][5][6].

Traction

Third-party platform reporting states more than €50 million funded since 2016 with under €500,000 in total write-offs and less than 1% bad debt over nine years. As of August 2026, loans distributed through the TD Funding platform totalled €15,130,000 outstanding with 100% reported performing, €1,060,000 of investor earnings and 1,611 investors; collateral was reported as 39% tax credits and 48% publisher receivables [4]. A separate portfolio-tracking community reported 267 investors with €1,571,951 combined portfolio value and €74,393 interest earned all-time as of August 2026 [5].

Latest developments

In August 2026 the TD Funding platform launched TD Bonds, unsecured senior bonds issued by Triple Dragon Limited paying 14% per year with 1% or 2% cashback for two- or three-year terms and capped at EUR 5 million, while senior secured loan assets moved from 14% to 13.5% per year from 14 August 2026. In May 2026 co-founder Pieter van der Pijl stated the platform offers securities linked to underlying loans rather than direct lending to Triple Dragon Funding SARL, relies on an EU Prospectus Regulation exemption limited to 149 investors per EU country, and is preparing an application for a crowdfunding service provider licence [4].