Lumanu has bagged $12m in its Series A funding round to help further the development of its platform that simplify payment collection for creators.
Origin Ventures led the round, with commitments also coming from Alumni Venture Group, Gaingles and 500 Startups.
As part of the investment, Origin Ventures partner Scott Stern has joined the Lumanu board of directors.
This investment comes hot off the heels of Lumanu’s new EarlyPay solution, which it claims is the industry’s first tool that instantly pays creators 24/7.
The tool enables creators to send easily send invoices and instantly receive payments for brand collaborations instead of waiting between 30 and 60 days. Its platform also enables users to share and protect their IP and brand.
Lumanu co-founder and CEO Tony Tran said “We’re incredibly excited to continue delivering creators and entrepreneurs the tools and resources they need to grow their businesses. As an entrepreneur, I know first-hand how important the support of a trusted network can be to your success.
“Origin Ventures has a wealth of knowledge in the creator space and will be a valuable partner as we provide creators with the tools to succeed in their entrepreneurial journeys.”
Lumanu is a digital platform that streamlines invoicing, payments and collaborations. Its customers include musicians, athletes, artists, photographers, streamers and influencers.
The FinTech company stated it has experienced a significant uptake in customers over the past nine months.
Speaking about the benefits of the platform, Christy Carlson Romano, singer and actress best known voicing Kim Possible, said, “As a creator, I love that I can share my passions with the world and have a direct, genuine connection with the audience. No other format allows for this.
“However, my passion is also my business – and the industry is not always set up to support creators. Lumanu has been invaluable by eliminating so many of the pain points on the back end that I – and every creator – face when operating our businesses. This support benefits all creators and helps build a stronger creator community in which everyone can participate.”
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