CLEVELAND, OHIO – We’re pleased to announce that on December 14th, we closed a $50M line of credit with East West Bank, an FDIC insured institution. This new capital brings our total line of credit to $100M, with the other $50M secured from Arena Investors of New York in July, 2019.
We will use the funds to continue to buy future digital payouts from online businesses. Access to liquidity for a rapidly growing online business is necessary to sustain growth, because their models are capital intensive.
Many internet-based businesses are dependent on capital because of the long payout terms associated with digital revenue. Sometimes, an online business can wait as long as 120 days to collect on sales. That’s where our future revenue products comes into play.
Trade In a Future Digital Payout, Get Capital Now
When an online business gets paid up front, they can buy more users and traffic, in turn driving more sales. The problem is they have to wait.
With OAREX’s future digital payouts product, online businesses can get paid now, and reinvest the same dollar multiple times, instead of waiting 30-120 days. This allows OAREX users to turn the same dollar over and over again, increasing total return on ad spend (ROAS). That means more scale, faster.
How OAREX’s Future Digital Payouts Works
Through OAREX, users can realize future digital revenue as earned, on a daily, weekly, or monthly basis, rather than waiting 30-90+ days.
The first step for users is to open an account in 30 seconds or less. Users can then connect digital revenue dashboards to verify data. Within minutes, users get an offer from OAREX, with the first funding in 72 hours or less.
Once a user is on the exchange, OAREX’s funding is on-demand and paid within the hour. If a user needs capital, they simply sell the future digital payout and funds appear in their account. OAREX reports all digital revenue and payout data on a daily basis, via its platform.
OAREX Specializes in Internet Funding
As a Capital-as-a-Service company, OAREX understands the risks associated with online businesses. This allows users on the exchange to get better terms from OAREX, than what they would get elsewhere.
Users can create an account and get started at oarex.com/products/future-digital-payouts. Referral partners, who get paid a user royalty for the life of any referred deals, can sign-up at oarex.com/partner-with-us.
You can read the full press release here.