Mozaic reaches creators all over the world, making it easy to collaborate with and pay creators anywhere and at scale.
Mozaic is a global payments platform making multi-party payouts seamless and automated for the creator economy and beyond. Moziac’s proprietary tech architecture ingests sales reports/invoices, calculates each party’s owed amount, and pushes payments directly to bank accounts instantly eliminating the need for manual calculations, excel trackers, and third party payment platforms.
It’s no secret that jobs in the creator economy, and gig economy more broadly, have exploded in popularity following COVID-19 / The Great Resignation and have fundamentally reshaped the way people generate income. Despite this popularity, however, payment innovation in these categories has lagged – making it difficult for these jobs to suffice as full-time income sources in the way that many desire. Specifically, payment flows tend to break down when there are numerous parties or co-creators involved that need to be paid, which is quite typical of jobs in the gig industry. Collaborating with others on creative or gig projects is one thing, but splitting income across collaborators has proved to be a major roadblock.
As such, we are thrilled to announce our $20M Series A investment in Mozaic, a global payments platform making multi-party payouts seamless and automated for the creator economy and beyond.
When the Volition team first met with Mozaic Co-Founders Marcus Cobb and Rachel Knepp, it was clear they had found a solution to the acute pain felt in the multi-party payment ecosystem. They have taken a user-first approach since the beginning, working through a series of feedback-driven iterations to arrive at the Mozaic we are investing in today. At its core, Mozaic automates income splitting. Its proprietary tech architecture ingests sales reports/invoices, calculates each party’s owed amount, and pushes payments directly to bank accounts; this is an instantaneous process, eliminating the need for manual calculations, excel trackers, and Venmo/Cash App usage.
The company’s first use case was splitting royalties in the music industry, which is a notoriously complex process given the multiple types of royalties that exist, the sheer volume of parties involved in releasing a singular song, and the industry’s overall slow tech adoption. Quickly, however, customers began to pull Mozaic into new use cases across the creator and gig economies such as YouTube, podcasting, gaming, and healthcare projects. We were and continue to be impressed by this organic market expansion as an indicator of the platform’s transferability across industries with similar pain points and its legs for future expansion.
In less than two years in operation, Mozaic has reached remarkable scale on the back of nominal sales and marketing spend which clearly demonstrates product-market fit to us. The platform now processes hundreds of thousands of payouts each month and given the network effects of collaboration, user growth has been exponential. Mozaic is integrated with several creative platforms today such as Spotify, YouTube, Esty, Shopify, and Twitch with a robust pipeline for future integration development.
And, most importantly, we are excited to back Marcus and Rachel on their growth journey. The two have led the organization with a strong consumer and user-first mentality, and we are thrilled to help them continue to rapidly expand as they become the de facto payment solution for creatives. We look forward to the journey to come and welcome the Mozaic team to the Volition family.
