OAREX Company history
OAREX was established in 2013 and is an acronym for the Online Advertising Revenue Exchange – a place where digital business owners can exchange receivables and future revenues for cash up front.
We’ve come a long way. This is our journey.
Incorporated from Chicago's Lincoln Park.
OAREX Capital Markets, Inc. is registered on May 31st as a C-corp in Delaware, and headquartered in Chicago, IL. It begins to offer long-tail publishers cash, in exchange for a fixed amount of future online ad revenues generated by their websites.
Secured seed money from Dan Gilbert's Bizdom accelerator.
Bizdom, an accelerator funded by Dan Gilbert, made a seed & debt investments totaling $125,000.
Begins to offer invoice financing to viral publishers.
In early 2015, OAREX began to offer invoice factoring to viral publishers. With the rise of arbitrage between Facebook traffic and Google Adsense, OAREX grew in lockstep with viral.
Establishes first off balance sheet fund for private lenders.
In May, OAREX secured an undisclosed amount of private lender capital from former Goldman Sachs executives, to source, purchase and service digital media invoices.
Secures $10M Line of Credit from Arena Investors
In August, OAREX secured $10M to deploy for the purchase of short-term, yet high credit quality, digital media invoices across the viral and digital media eco-system.
Establishes itself as the credit authority of digital media.
Having predicted the fall of a few large ad networks and SSPs, OAREX quickly positioned itself as a credit authority in digital media. In May, it began release quarterly payment reports disclosing debtors' payment data, in its effort to join the transparency movement.
Secures $50M line of credit from Arena, positions itself as market leader.
To date, OAREX is known as a firm with excellent customer service that funds digital media invoices for publishers, ad tech firms, DSPs/Agencies, and new age advertising technologies. Funding is currently available in the USA, Canada, the UK, Australia, the Netherlands, and Israel / MENA region.