Coral Capital Solutions, a leading provider of financing solutions for medium-sized enterprises, announced a $9 million factoring facility with a Kansas-based emerging digital media publisher of sponsored, data-driven, localized content focused on finance, sports and real estate news and information for mass market audiences.
The company, which has partnerships with leading digital advertising exchanges and networks, provides original, monetize-able, real-time content, curated from 27,000 unique sources presented in white-labeled formats on media partner sites. Digital publishing revenue is expected to reach $74 billion in 2020. Coral Capital is well positioned to help companies in this high growth market access the capital they need to take advantage of the opportunity presented by digital media publishing and programmatic advertising.
“This leading startup’s management team has the technology and corporate industry experience to capitalize on the promise of the digital publishing and advertising market. Now, with the Accounts Receivable facility in place, the Company is well positioned to execute on its growth plan for 2016 and beyond,” said Jim Bertie, Chief Operating Officer of Coral Capital Solutions. “The team recognized that the potential for growth over the next few years is tremendous and they turned to Coral Capital to secure the AR financing they needed to support further development of their digital platform, as well as hiring of additional talent and establish their digital footprint in new industries. The Company selected Coral Capital to finance their expansion based on Coral’s proven knowledge of the AR verification process, and ability to support massive revenue growth.”
Coral Capital Solutions provides financing solutions to middle-market companies in a wide variety of industries throughout the U.S. and Canada. It is a leading source of factoring, asset-based lending, purchase order and trade finance products. Coral Capital is well capitalized, using its own equity to fund clients and therefore has the ability to consummate transactions quickly from commitment to funding.