MONET launches the world’s first financial platform for creators, powered by Weavr

MONET launches the world’s first financial platform for creators, powered by Weavr

By Joy Dumasia

Today

  • Cash flow
  • Digital loan
  • Direct payments

MONET announced the beta launch of its revenue-based lending platform with debit cards and Creator Business accounts dedicated to creators, providing a world-first infrastructure in its field. The platform is led by an integrated finance specialist Weaverusing their technology to provide banking and payment infrastructure to businesses.

The revolutionary platform for creator businesses smooths cash flow and offers unique business tools to manage multi-stream revenue from brand deals and platform revenue, offering the potential to drive powerful financial inclusion for those embarking on the future of work.

MONET’s e-money proposition is powered by integrated finance specialist Weavr’s innovative Plug-and-Play financial solution, allowing users to access bank accounts and manage payments directly within the app.

The launch hails a significant step forward in supporting the creator economy through fintech. Creative businesses can now say goodbye to chasing payments or having to adjust their creative roadmap to when they get paid for work completed. Instead, MONET’s platform pays creators upfront on what’s owed to them on brand deals and platform revenue, disbursing funds directly to the creator’s dedicated MONET checking account. creator, where they also get a 1% discount on all business expenses.

Over 300 creative businesses have joined the beta launch in the first month, and over 7.5,000 creative businesses are waiting for a waitlist invite. MONET also offers creator marketing platforms the ability to facilitate integrated cash flow funding for their users using MONET’s technology. These businesses are mostly creatives with multi-stream income and business activities – such as course creators, models, musicians, influencers, streamers, gamers, and some members of the broader gaming economy. highly skilled freelancers who have avoided online business.

After identifying the need to create a financial and business hub that encompasses all revenue streams for creators, MONET’s first product, EarlyPay, allows users to instantly advance bills and platform revenue to their MONET account by securing the funds due under the collateral-loan process. The relationship with Weavr provides MONET with the building blocks to provide other financial and revenue growth tools to its users in the future.

Jake Casson, founder of MONET, said, “There are so many highly motivated and mature businesses in the space that are either left out or misfits of the wider SME financial and business infrastructure. Additionally, the economy has seen a wave of creative tools emerge in recent years, but not so much in terms of revenue management. So we’re very proud to offer truly useful financial and business tools that help more creators build powerful businesses from their passions and skills.

There is no doubt about the growth of this economy and the potential of middle-class and small businesses within it. To put this in an example, we see bankers leaving high paying jobs to create content, courses, merchandise and other online activities based on their experiences. Entrepreneurial professionals and creatives are separating from corporate life, and we’re here to help stabilize and accelerate change – starting with cash flow support and revenue management, which are all powered by specialized banking infrastructure.

James continued, “With the help of our partners at Weavr, we were able to get to market with verticalized banking much faster than we originally anticipated. Weavr provided us with a cost effective BaaS solution to bring MONET to life for UK creators in a secure and regulatory compliant way.

Alex Mifsud, co-founder of Weavr, said, “Our goal is to empower innovators and disruptors around the world. In-vehicle finance solutions are increasingly powering the digital applications we all rely on in our lives, from transportation and education to housing and the future of work. Jake’s plans for MONET are a much-needed solution for creators to realize their earning potential, serving the growing number of people making a living as creators. I’m thrilled that Jake and the MONET team chose the Weavr integrated financial toolset to build a service that helps creators succeed.

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