Mozaic, a startup that aims to simplify payment splitting for creators, has just secured $20 million in funding. The company plans to use this investment to further develop its platform and expand its reach.
Founded in 2021, Mozaic was created to address the challenges faced by creators when it comes to receiving payments from multiple sources. With the rise of the gig economy and the increasing number of creators monetizing their content, managing payments from various platforms and sources has become a complex and time-consuming task.
Mozaic’s solution is a payment splitting platform that allows creators to easily receive and manage payments from different sources, such as social media platforms, e-commerce sites, and subscription services. The platform also offers tools for creators to track their earnings and expenses, as well as to collaborate with other creators on joint projects.
The startup has already gained traction among creators, with over 10,000 users signed up for its beta version. The $20 million funding round was led by venture capital firm XYZ Ventures, with participation from other investors including ABC Capital and DEF Fund.
According to Mozaic’s co-founder and CEO, the company’s goal is to make payment splitting as seamless and effortless as possible for creators. He believes that by simplifying this process, creators can focus more on their content and growing their audience, rather than worrying about managing payments.
The funding will be used to further develop Mozaic’s platform, with plans to add new features and integrations to make the payment splitting process even more efficient. The company also aims to expand its team and reach more creators globally.
In addition to its payment splitting solution, Mozaic also plans to offer financial services for creators, such as tax and accounting tools, to help them better manage their finances and stay compliant with regulations.
The rise of the creator economy has opened up new opportunities for individuals to monetize their skills and talents. However, with this comes the challenge of managing payments from various sources, which can be overwhelming and time-consuming. Mozaic’s solution aims to alleviate this burden and allow creators to focus on what they do best – creating content.
With its recent funding, Mozaic is well-positioned to become a leader in the payment splitting space and support the growing community of creators. As the creator economy continues to expand, platforms like Mozaic will play a crucial role in simplifying and streamlining the payment process for creators.
