MoneyyApp collaborates with financial service platforms to provide loans to creators
- ByStartupStory | July 29, 2022
MoneyyApp, an early-stage money management company, has teamed up with the financial services company MyShubhLife to provide loans to digital producers.
MoneyyApp’s lending partner, MyShubhLife, will provide loans totaling $100 million. MoneyyApp offers creators financial capabilities like bookkeeping, compliance management, cash flow, as well as an analytics engine.
MoneyyApp, which is backed by Quona Capital and AngelList Quant Fund, works with over 15,000 artists, predominantly YouTubers. MoneyyApp would offer loans beginning at Rs25,000.
“A high proportion of content providers in India originate from B and C category towns.” The creative segment has caused a massive self-employment potential with absolutely little infrastructure,” said Monish Anand, CEO, and Founder of MyShubhLife.
At a time when marketing expenditures are being reduced, the organization feels that artists want development funding to generate higher-quality pictures. The startup’s financing might be used to establish studios, purchase machinery for shooting, software licenses for editing videos, and team building.
Follow Startup Story
Related Posts
