8.6 C
New York
Wednesday, September 23, 2020
Home Uncategorized Musicians getting paid through a paytech platform? Soon a reality

Musicians getting paid through a paytech platform? Soon a reality

A US paytech “Bandpay” founded by DeCarlos Garrison is set to make sure musicians will get paid for their work.

“I’ve experienced this problem first hand,” says Garrison, who created the paytech out of his existing business ‘Bandbasher’. The new platform will establish payment milestones in projects, and offer “mediation” services so both musicians and producers can stay in the loop on a project’s progress.

Despite the presence of  tools and apps in the music industry which help maximize revenue – such as Applaud, Bandcamp, and Reverb Nation – Garrison says “there are a lot fewer tools available for controlling the cost side of the business equation.

Garrison says the app is not just designed for ‘work-for-hire-type’ creative jobs, it can also be used for more long-term projects such as social media management, marketing projects, or branded appearances by influencers.

Avatar
Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

Recent posts

TransferWise reports 70% revenue growth and a 4th straight year of profitability

Annual revenue at TransferWise grew to £302.6 million, the company. These results show a net profit after tax of £21.3 million for fiscal year ending March 2020.

“Mitto helps its users to save money while saving the planet,” says Marcos Cuevas, the company’s co-founder and CEO

Mitto is a Barcelona-based debit card/finance app and it is mainly a sustainability-focused product that has raised €2M from Athos Capital and others. Mitto has a live crowdfunding campaign on Crowdcube in which the company has already raised £500,000.

Allica Bank is launching a £100m funding round

Allica Bank has already closed a £26 million investment and now is launching a new £100 million funding round to meet the current high levels of demand for its services.

Dutch challenger bunq plants 1,000,000 trees on Madagascar

Amsterdam-based digital bank bunq offers an option to plant a tree for every 100€ spent with their SuperGreen premium account. Now they planted 1,000,000 trees.