CLEVELAND, Feb. 1, 2021 /PRNewswire/ -- On December 14th, OAREX closed a
$50M line of credit with East West Bank, an FDIC insured institution.
This new capital brings OAREX's total line of credit to
$100M, with the other $50M secured from Arena Investors of New York in July, 2019.
$100M to Buy Future Digital
Payouts
OAREX 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 OAREX comes into play.
Trade In a 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 Funding Internet Businesses
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.
About OAREX Capital Markets, Inc.
OAREX operates a digital revenue exchange where online
businesses can exchange future revenue events for capital now.
Established in 2013, OAREX has become a worldwide leader in
financing for online businesses. East
West Bank's investment in OAREX is a testament to its model
and the online market as a whole. See oarex.com for more
information.
About East West Bank
East West Bancorp is a publicly owned company with total assets
over $53 billion and is traded on the
Nasdaq Global Select Market under the symbol "EWBC". The Company's
wholly owned subsidiary, East West Bank, is one of the largest
independent banks headquartered in California. East West Bank's Structured Finance group
provides senior secured lending facilities to specialty finance
companies and project finance transactions. For more information
about East West Bank, please visit
www.eastwestbank.com.
Arena Investors, LP
Arena Investors is an institutional asset manager with
$1.7 billion of committed assets
under management as of November 1,
2020, that provides creative solutions for those seeking
capital in special situations. The firm brings individuals with
decades of experience, a track record of comfort with complexity,
the ability to deliver within time constraints, and the flexibility
to engage in transactions that cannot be addressed by banks and
other conventional financial institutions. Arena Investors' mandate
is global, and also unconstrained in terms of asset class and
industry. Based in New York City,
Arena was formed in partnership with The Westaim Corporation, a
publicly traded Canadian holding company focused on the financial
services industry. See www.arenaco.com for more
information.
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SOURCE OAREX Capital Markets, Inc.