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02-03-2021, 07:05 PM #1
OAREX Credit Line $100M Funding - eCommerce Now Available
Hi all
Just wanted to drop a note and say my factoring business OAREX just raised $50M bank debt for digital media companies.
We placed this bank debt on top of our $50M from Arena Investors, LP - a firm which has financed a handful of MCA companies.
You can read the full press release here:
https://www.wsj.com/articles/oarex-l...NItpNBYIbQ7rCc
With Arena's sub debt ($50M), we are going to use it for our core but also expand into eCommerce, including Amazon, Walmart and NewEgg sellers - as well as Shopify, BigCommerce, etc.
You can learn more about our eCommerce product here: https://oarex.com/products/future-digital-sales
For eCommerce stores that sell direct-to-consumer (via their website), we offer an MCA-like product.
For eCommerce store on Amazon, Walmart and NewEgg, we offer a factoring product.
MCA product = fixed % commission depending on the price (5-10%)
Factoring product = residual commission, 5% of our fees for life
If you ever come across an eCommerce deal, send it our way.
To request an ISO agreement, please go here: https://oarex.com/partner-with-us
Thank you all for your continued support and hope to do more deals together. Best of luck in 2021!
Hanna Kassis
Founder & CEO
OAREX.comLast edited by helpinghand; 02-03-2021 at 07:08 PM.
Hanna Kassis, JD/CPA
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