Latest capital raise includes a who’s-who of notable Nashville investors, including Joe Galante and Chris Parr, as the rapidly growing startup races toward its Series A.
 
Formerly Jammber, Mozaic, the platform making international and split payments simple for a global, collaborative creator economy, has received investment from some of the best-respected names in the music industry, including major players from Nashville. This seed series round, projected to reach $5.5 M, remains open, but has already received sizable commitments, despite a challenging investment climate.
 
Joe Galante, former chairman and CEO of Sony Music Nashville and recent Country Music Hall of Fame inductee, and respected music manager Chris Parr (Jason Aldean, Darius Rucker) of Maverick Management Nashville, are among the returning investors coming in with six-figure investments, recommitting to Mozaic’s drive to change the world’s co-creation economy and make payment management and execution more efficient and easy. 
 
"Anyone will tell you music tech is a challenging sector. So, when you see a company like Mozaic really start getting significant traction you throw more fuel on the fire because big things are ahead. That's what we're doing here,” says Parr.
 
After a genre-defining career in country music, Galante is focusing on giving back to Nashville. He founded Project Music as part of the Nashville Entrepreneur Center in 2015. Project Music incubated and invested in a previous iteration of Mozaic’s predecessor, Jammber, which was specifically designed to service music professionals. Now Galante is recommitting to the startup’s latest evolution, expanding in a broader vision to serve all creators and creatives.
 
"I started the Project Music accelerator with the people at the Nashville EC to give great founders and companies the advantage of experienced, creative industry mentors and access to strategic investors," Galante explains. "I and the other investors continue to invest in Marcus and Mozaic because they have created something we can clearly see is a game changer for creators and entertainment companies everywhere. Everyone wants to get paid faster." 
 
Other investors include Revolution’s Rise of the Rest Seed Fund (helmed by Steve Case) and Nashville angel investors InCrowd Capital, as well as several talent management agencies and Vector Management Nashville.
 
Powered by two long-time industry innovators, Marcus Cobb and Rachel Knepp, the company is out to build a virtual back office for creators, big and small, focusing on smart contracts, automatic payments, and splits. This platform is designed for all creatives, from songwriters and producers, to independent artists and distribution companies, to influencers. Though freshly launched, Mozaic has already won over big-name producers such as Drumma Boy and major financial services partners like Visa.
 
“The future is going to be all about open collaboration that spans the world, and we’re creating a new standard for payments to empower this future,” says co-founder and CEO Cobb. “We believe automated payments are an important part of that vision. Our investors in Nashville and Chicago have played the long game with us and together we're bringing this vision to reality.”
 
About Mozaic

Mozaic is a global payment platform built for co-creators on any project anywhere. Based in Chicago and Nashville, Mozaic provides smart contracts that automate split income among creative teams. Their vision is to put more time and money into the lives of creators and become the premier payment platform for the world’s co-creation economy. Mozaic has been selected for the 2022 Google for Startups Accelerator: Black Founders cohort, a program that guides growth-stage startups founded by Black leaders through best uses of Google's tools and services, offering support and advice along the way. Mozaic co-founder Rachel Knepp also won first place in the LGBTQ+ category in Visa’s Everywhere Initiative pitch competition, which included a strategic partnership with Visa and a cash prize.

Mozaic unlocks an instant virtual back office to liberate creators from admin and payment woes.

Mozaic, the newly launched payment platform custom built for the creative economy, is announcing its first creator-partner, producer Drumma Boy. The sonic genius behind hits by Gucci Mane, Wiz Khalifa, Nelly, and Rick Ross, Drumma Boy was called one of the driving forces behind Atlanta’s hip-hop ascendence by The New York Times. Mozaic has helped Drumma Boy seriously streamline administration and payment for his multitude of projects.

“The music business is 10% talent, 90% business,” Drumma Boy notes. “Mozaic makes the 90% faster. I can work with any artist on any distribution platform and I know the splits and recoupables are taken care of. It makes everything easier for making payouts, as well as album and mechanical royalty splits.”

In-demand producers like Drumma Boy face administrative burdens rarely discussed outside music business circles. They have to collect, track, and pay out royalties to their collaborators, often months or years after a recording session is over. With smart contracts and splits, Mozaic automates this time-consuming and mind-numbing work, making sure money automatically comes in and goes out to the right people in the right amount, so they can create more.

Instead of hours, creators can spend a few minutes on an intuitive app and make sure everyone knows what to expect when, avoiding potentially tense discussions of who owes what. For international collaborations, an increasingly common scenario for creators, Mozaic can send payments cheaply across national borders, send helpful mobile updates to payees, and manage the bulk of tedious accounting processes. For music distributors, Mozaic’s API can help them offer splits and integrated payments in a matter of days, saving valuable development resources for other projects.

“Payments should be as automatic as streaming. We want every creator to have the power of a back office at their fingertips, so that payments are something they can take care of over a drink on the way to a show,” explains Mozaic CEO Marcus Cobb. “We want them to keep their relationships with their preferred distribution platform and with fellow creators and collaborators strong. Drumma Boy, for example, loves working with TuneCore, and with his feedback, Mozaic now gives him the extra tools he needs to keep that relationship strong.” 

About Mozaic
Mozaic is a global payment platform built for co-creators on any project anywhere. Based in Chicago and Nashville, Mozaic provides smart contracts that automate split income among creative teams. Their vision is to put more time and money into the lives of creators and become the premier payment platform for the world’s co-creation economy.

Mozaic–formerly Jammber SplitPay–will radically improve payment for the world’s co-creation economy.

The creator economy is global. It’s highly collaborative, both in making and in sharing the proceeds.

You would never guess it by the payment tools out there. At a moment when people creating together has become more common and more potentially lucrative than ever, creators are still stuck manually paying collaborators via peer-to-peer apps, drawing up clunky ad-hoc agreements, and dropping huge fees on cross-border payments.

Jammber, the Nashville- and Chicago-based creator tools innovators, have taken their mission to democratize music creation and distribution to the broader world of creators. Their SplitPay platform is now Mozaic, a next-generation mobile-first way to split payments, build smart contracts, and pay people fast and cheaply in hundreds of countries and currencies.

“Our vision is clear,” explains Jammber co-founder and CEO Marcus Cobb. “We want to bring the power of smart contracts and global payments to everyone by making them exceedingly easy to use. A huge drawback of typical smart contracts is their very technical nature and confinement to specific blockchains. By introducing visually designed contracts anyone can use with seamless support for crypto and fiat currencies, we have built a payment platform that does what creators actually need in one place.”

Available in English, Spanish and French, Mozaic offers payment options in 135 global currencies in more than 199 countries. Mozaic will look for cross-border payment providers, then suggest which method has the lowest fees and best value for the payee’s local market. Mozaic’s fee structure (1.75% plus a very small fee, with an available cap of $15 to $25 per transaction) makes it the fastest and least expensive way to send money around the world thanks in part to Jammber’s banking operations in Canada, the United Kingdom, Australia, and Japan.

To start, Mozaic is rolling out partnerships with major distribution platforms, vying to replace clunky one-off systems like PayPal with its API. It will be integrated into widely used entertainment industry enterprise software, as well as large DIY platforms. More partnerships, currencies (fiat and crypto), features, and options will be rolling out over the coming months.

Jammber distilled their vision for better creator payment tools thanks to a decade of work transforming payment in the music business, where a single track could have dozens of people who get a slice of the royalties. Before Jammber, artists and producers often had to track royalties using spreadsheets or other awkward methods. Jammber solved this many-stepped and cumbersome process by offering an elegant, all-in-one solution. With Mozaic, any creator can invite collaborators to the platform, build contracts (by adding items like split agreements, track expenses and more), import sales data, and automate revenue payments, all in a matter of minutes. 

“There’s huge need for Mozaic,” says Rachel Knepp, co-founder and SVP Growth, “as there’s huge variation between creators. Some need to pay out tens of thousands of dollars monthly. Some need to get $5 to a collaborator once a quarter. For some projects, everyone’s in Toronto. For others, they’re scattered across ten timezones. Our transaction fees for creators are low by design. We built a tool that works for all, one honed over years of paying out royalty splits for our artist users and B2B customers.”

Current SplitPay users won’t have to worry that their beloved features are going away–Mozaic will continue to charge no monthly or recurring fees, with clients only paying by the transaction. 

It’s all part of Jammber’s continued focus on artists and creators and on empathetic design and simplicity. “We truly understand the creative process and how artists and creators work together,” says Cobb. “We want to be the way creators pay out the billions they are earning collectively, no matter where they are.” 

About Jammber
Jammber is a payment and ownership platform built for billions of co-creators on any project anywhere. The team comprises a diverse group of music creators, business and tech experts - all with one shared mission - to Make Way For Music. Jammber creates beautifully designed tools that simplify the burdens of facilitating split-income among creative teams. It’s easy to create together, but hard to get paid together and collect all revenue streams. Their vision is to put more time and money into the lives of creators and become the premier payment platform for the world’s co-creation economy.