Raistone is proud to announce a $10 million Accounts Receivable Finance (ARF) transaction with Dope Shows, a concert promoter that partners with a premier national events promoter. Dope Shows specializes in marketing and producing live music events for Millennial and Gen Z audiences, resulting in an ongoing production of high-demand events.
The $10 million facility was secured in just two weeks from the time the client provided due diligence, demonstrating Raistone’s ability to act quickly and efficiently meet the needs of dynamic businesses in the entertainment industry.
“Speed and flexibility are essential for companies in industries where timing is everything, such as live music,” said Raistone CEO Dave Skirzenski. “Our scalable financing solutions are a perfect fit for businesses with fast-paced, high-growth needs. We are thrilled to provide our client with the necessary capital to continue delivering exceptional events.”
With its working capital gap addressed, Dope Shows can now expand operations and produce more large-scale events, bringing additional entertainment experiences to fans across the country.
About Raistone
Raistone was born with the vision of equalizing access to working capital and meeting the demand for working capital on a global scale. A world-leading fintech backed by equity investments from a broker dealer, $30 billion family office, a $900 billion wealth manager, and an international bank, Raistone enables the financing of billions of dollars in transactions every year. Its best-in-class technology coupled with unparalleled access to institutional capital extends financing to companies of all sizes, fully integrated with the same software platforms they already use. As the world’s largest business-to-business embedded finance provider, Raistone works to ensure that all businesses have access to their money, on their terms.
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