RoyFi Expands Music Industry Partnerships to Boost Artist Funding Options

RoyFi Expands Music Industry Partnerships to Boost Artist Funding Options

By Marcus Delano Thompson

November 18, 2024 at 01:25 AM

RoyFi, a royalty advance platform founded in 2021, has expanded its partnerships with music distributors and artist service providers to offer enhanced funding options for artists, songwriters, and independent labels.

RoyFi logo

RoyFi logo

The company has partnered with Distro Nation, KMG, and CodeSwitch Agency, adding to existing relationships with Beatroot Distribution, Unchained Music, and Earthprogram.

Key Features of RoyFi's Service:

  • Flat repayment amount that never increases
  • Early recoupment fee reduction
  • No prepayment penalties
  • Advance amounts from $250 to $1 million
  • Funding decisions based on past and projected earnings

Partner Perspectives: "We chose RoyFi because we were looking for a partner who values artists with fair and transparent deals." - Jon Baltz, CEO of Distro Nation

"RoyFi provides us the financial means to secure bigger deals while maintaining equitable terms." - Ross Robey, KMG Distribution Manager

Notable Benefits:

  • Helps artists retain catalog rights
  • Provides "advances as a service" to distributors
  • Offers lightweight tech integration
  • Supports international markets (30% of clients are international)
  • Currently underwrites about $1 million monthly in advances

RoyFi's model differs from catalog acquisition companies by focusing on helping artists maintain control of their rights while accessing necessary funding. The platform is expanding globally, with particular focus on Europe, Canada, and the UK markets.

Businessman checking phone with charts

Businessman checking phone with charts

Carly Glenn smiling at album debut

Carly Glenn smiling at album debut

Music streaming app interface

Music streaming app interface

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