SLR Digital Finance completed the funding of a $10 million credit facility for a minority-owned media business.

The company focuses on helping advertisers spend on minority-owned media platforms via its ad exchange and ad tech stack. The proceeds provide the company with additional working capital as it scales its platform and continues to onboard new advertisers and agencies.

“We’re proud to partner with a company that is driving change in the industry and empowering minority-owned media companies and creators. We look forward to working with this experienced team as they accelerate their growth and continue to provide superior advertising results to their customers,” Jeffrey Austin, senior vice president of business development at SLR Digital Finance, said.