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Hyperwallet Teams Up With Lyric Financial For Royalty Payment Advances

To enable faster and more efficient royalty payment advances to recording artists working on TuneCore, Hyperwallet has signed a deal with Lyric Financial.
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Nashville Firm Rolls out Virtual ‘ATM’ for Songwriters, Musicians

Nashville prides itself on being a city dominated by the creative class, but financing the city’s creative tendencies is trickier than it looks.
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Lyric Financial, Sony/ATV Offer Songwriters Access To Royalty Advances With New Virtual ATM

Lyric Financial has teamed with music publisher Sony/ATV to provide a virtual ATM platform, enabling Sony/ATV U.S. songwriters and publishing clients to request advances in “less than a minute” via Sony’s new and improved SCORE royalty portal.    
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Sony/ATV, Lyric Financial Partner For ‘Virtual ATM’ to Allow Songwriters Access to Royalty Advances

The vATM allows songwriters to tap into their current and forecasted catalog earnings ‘in less than a minute.
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TuneCore + Lyric Financial Partner On Royalty Advance Solution For Musicians

“We wanted to offer them something different,” Lyric Financial founder and CEO Eli Ball was quoted as saying. “Credit cards and bank loans can be dangerous; they can get upside-down with those real quick. But this is not a loan. It’s an advance based on forecasted earnings.”
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American Banker Magazine

Here’s One Fintech that’s Still Going Head-to-Head Against Banks

While there seems to be something of a detente between banks and fintechs as they start to partner more, especially on general consumer financial products, some fintech companies are still looking to beat banks in serving specific types of customers.
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