BANDPAY, the payment platform designed to help creative collaborators simplify agreements, is announcing a $2M investment in its iOS and Android app launch.
BANDPAY Co-Founder/Co-CEO GLEB TEPER said,“We’re honored to receive this investment from an angel investor, who sees the potential and value of BANDPAY and our related platform PAYMNT. This is a crucial investment at an important time for our company.”
BANDPAY Co-Founder/Co-CEO DECARLOS GARRISON commented, “We see so much potential to relieve the stress artists and managers face constantly. Financial tools make a huge difference for artists, who often have really narrow margins and limited resources to pull off ambitious projects. We’re hoping to remove one layer of uncertainty and distrust from their work and let them do more of what they really love doing.”
The company said the platform is designed to eliminate the potential for misunderstanding, scope bloat, and fraud, while empowering artists to reduce costs and losses for creative projects.