SRAX (NASDAQ: SRAX), a digital marketing and consumer data management technology company, today announced its entry into a secured term loan with an affiliate of B. Riley Financial, Inc. (“B. Riley”), a diversified financial services company which provides comprehensive business advisory and capital markets solutions through its subsidiaries. “We are excited to partner with B. Riley. The team is experienced and will help us take the next steps in executing our plan,” SRAX Founder and CEO Christopher Miglino said in the news release. “This financing will help fuel growth as both BIGtoken.com and SRAXir.com are gaining traction in their goals to be the leaders in their respective data businesses.”
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About SRAX Inc.
SRAX Inc. (NASDAQ: SRAX) is a digital marketing and consumer-data-management technology company. SRAX’s technology unlocks data to reveal brands’ core consumers and the characteristics of those consumers across marketing channels. Monetizing its data sets, SRAX is growing multiple recurring revenue streams through various platforms. Through its BIGtoken platform, SRAX has developed a consumer-managed data marketplace where people can own and earn from their data, thereby offering everyone in the internet ecosystem choice, transparency and compensation. SRAX’s tools deliver a digital competitive advantage for brands in the CPG, investor relations, luxury and lifestyle verticals by integrating all aspects of the advertising experience, including verified consumer participation, into one platform. For more information on SRAX, visit www.SRAX.com.
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