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Purely Capital Goes Online Thanks to $150M Line of Funding

Purely Capital announced it is launching an "entertainment FinTech receivables platform" on the back of a $150 million funding line from Finch Capital. So reports Yahoo! Finance.

money 3488345 640 smallIts founders describe the platform as a tech driven solution to "automate, streamline and standardize" TV and film production financing. This will give distributors and rights owners immediate access to cashflow by bridging the gap between content licensing and contract payout.

Read the full article from Yahoo! Finance.

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