OAREX closes on a $10 million line of credit

CLEVELAND

OAREX Capital Markets Inc., a Youngstown Business Incubator portfolio company and non-bank financing institution providing financing for digital media companies, today announced that it has closed on a $10 million line of credit from a group of lenders, led by Arena Investors LP, a New York-based global investment firm.

OAREX accelerates programmatic advertising revenue for digital publishers such as websites, app developers, ad networks and supply-side platforms. Accelerated cash flow allows media companies to scale their content promotion and user acquisition campaigns, and pay supply side partners and vendors sooner.