Lyric Financial Powers $100 Million of Funding to the Music Industry
Lyric Financial, a long-time leader in financial services in the music industry, has announced a major milestone in its 14-year history.
Lyric Financial, the company that pioneered royalty-based financing for the global music community, is announcing it has crossed $100 million mark in financing provided to its clients.
The field of companies offering artists money has grown crowded in recent years, from corporate and private equity-backed catalog aggregators to startups eager to grow at any cost. Eli Ball, CEO of Lyric Financial, set out on a mission in 2007 to advocate for artists by creating a company that has withstood as a name that musicians can trust.
Lyric Financial has built its business over the last decade by first listening to clients, then offering sustainable options that support the artist’s goal.
From automated advances for independent artists and labels to creatively structured facilities for A-list, high net-worth clients, and larger independent music companies, Lyric Financial has processed over 24k transactions in 32 countries, empowering tens of thousands of musicians and music companies to achieve their goals.
“We see ourselves as coaches, trying to understand how our tools can help our clients reach whatever aim they’ve set,” Ball explains. “That’s how we got to this point, by doing what’s right by our clients and by understanding what they are trying to solve for.”