09/08/2018
INTRODUCING NEW CLIENT - ART MONEY
Art Money provides pre-approved loans for art purchases between $1k to $50k. It allows buyers to take their art home immediately and galleries to get paid immediately, removing friction in the sale process. The growth story over next 3 years is compelling. Art Money is quickly establishing itself as the global payment platform for art, bringing a seamless, technology driven process to what has historically been a very fragmented but high value market.
To date, Art Money has facilitated over A$12m worth of art purchases, equivalent to 2,500 loans across 700 galleries. The global art market worth is $85B annually and Art Money has the goal of facilitating $1B of global art sales annually by 2022. The business is breakeven in Australia with net revenues of A$50k/month and is currently scaling in the US, where it is signing up one gallery every day.
To request a copy of the investor deck, please contact Daniel Coombes at [email protected]