Fintech platform MoneyyApp has raised undisclosed amount in funding round from group of angle investors led by GSF Accelerator.
The round also saw participation from Dinesh Agarwal (founder of IndiaMart), Nitesh Mittersain (founder of Nazara Technologies), Amit Singhal of Fluid Ventures, Sumesh Menon of U2opia Mobiles, and many others.
The platform plans to use the funds to expand its operations, work on product development and create awareness about the app. Its target audience is millions of creators who are creating content on various social media platforms but mainly from Youtube.
The Bengaluru/Chandigarh based MoneyyApp was founded in December 2021 by Fayyaz Hussain, Mohit Goyal, and Aaditya Goyal, It helps Indian content creators improve their monetization by providing them with the tools to grow their business by establishing the atomic habits necessary to run a business, and reduce the income disparity that exists between creators in the same genre, category, and workspace.
Since its inception, the platform has already garnered around 3000 creators on its platform.
”Our mission is to provide the best service to the creator and motivate underrated and growing creators. We are passionate about solving all the pain points of creators related to finance with our advanced technology. The funding from the GSF accelerator would help us provide the much-needed mentoring and ability to work on product development’’, said, Fayyaz Hussain, founder and CEO of MoneyyApp.
MoneyyApp help creators Earn and Manage their money as a Business.
MoneyyApp is aligned with Google and YouTube & has been approved by them to handle your data securely. It has AES-256 encryption standard which is equivalent to bank level data encryption
It helps the creator track and manage their past and upcoming earnings & expenses from multiple sources on a single dashbaord. They can also chose to create Invoices and send reminders for payments in seconds and submit their taxes online & on time.