Mobile app and gaming financing
How It Works —
Firms will provide you with capital based on data from the major app stores, ad networks, and accounting systems. You choose how much you want to fund. All payments from the App Stores directly repay the financing to the lender, anything left over is sent to you.
Example —
You are able to access $900k or 90% of the $1M app sales that you are waiting on from Apple. You decide to borrow $100k and as Apple pays you the $1M, the first $100k plus financing costs go to the financier and the remaining amount goes to you.
You Might Be A Fit If —
- You receive your revenue from Apple App Store or Google Play Store.
- You have a history of consistent revenue for a few months.
Why You Would Use This —
Having customer payments earlier helps fund operations or growth.
The available funding amount scales with your business revenue.
You can manage the financing costs by choosing how much you want to borrow and payback.
What TO WATCH OUT FOR —
The company immediately starts sharing revenue after receiving financing.
Make sure you are willing to give up the agreed-upon revenue.