Buyerlink Secures $40 Million Credit Facility from Zions Bancorporation
Buyerlink has secured a $40 million senior secured credit facility with Zions Bancorporation, operating as California Bank and Trust, announced in a press release. The financing is intended to enhance Buyerlink's financial flexibility and strengthen its capital structure.
Buyerlink, an online auction marketplace for performance based marketing, reported that the new credit facility will support its continued growth and investment in AI ad technology. The company has reached over $125 million in revenue and generates more than one million buyer leads each month across sectors such as automotive, real estate, home services, insurance, and legal.
Payam Zamani, founder and CEO of One Planet Group, Buyerlink's parent company, said the financing will help the company continue expanding its AI capabilities in advertising technology. Jaime Keane, senior vice president at California Bank and Trust, stated that the financing aligns with Buyerlink's growth trajectory and operational strength.
We hope you enjoyed this article
Consider subscribing to one of our newsletters like Enterprise AI Brief, Sales & Marketing AI Weekly or Daily AI Brief.
Also, consider following us on social media:
More from Enterprise
Sep 26 DataGroomr Receives Salesforce 2027 Partner of the Year Award Sep 26 Keystone Opens Bengaluru Hub for India Business Sep 26 Jarrard Expands AI Consulting Team Sep 25 Cryptomathic Deploys Luminance for Contract Queries Sep 25 Bonterra Earns ISO 42001 Certification for AI ManagementSales & Marketing AI Weekly
News about AI tools and innovations for Sales and Marketing professionals.
Market report
2025 Generative AI in Professional Services Report
Thomson Reuters
This report by Thomson Reuters explores the integration and impact of generative AI technologies, such as ChatGPT and Microsoft Copilot, within the professional services sector. It highlights the growing adoption of GenAI tools across industries like legal, tax, accounting, and government, and discusses the challenges and opportunities these technologies present. The report also examines professionals' perceptions of GenAI and the need for strategic integration to maximize its value.
Read moreYou may also like
Byzfunder Launches TraceDataIQ for Small Business Underwriting
Bullish Provides $100M Stablecoin Facility to USD.AI for GPU Financing
Owner Raises $240 Million for AI Platform for Local Businesses
USD.AI Arranges $128.9 Million GPU Financing Facility
Lightfield Raises $47 Million for CRM Built for AI Agents
Daily AI Brief: the AI news that matters, in your inbox.