Through RoyFi, TuneCore launched TuneCore Direct Advance, which lets artists apply for upfront financing in exchange for a flat fee. Repayment is drawn from future royalty earnings, according to a press release on Wednesday (April 8). Artists can secure direct cash advances without giving up equity or transferring ownership of copyrights, said TuneCore.
Source: TuneCore partners with RoyFi to offer royalty advances to indie artists