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.

Art Money is currently finalising its A$3m Pre-Series A capital raise. A$2m has been raised to date from Paul’s network, with circa A$1m still available for Australian sophisticated investors.

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FURTHER INFORMATION

To enquire about investing in Art Money – the world’s fastest growing art payment platform, please contact Daniel Coombes at daniel@axstra.com.au

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