Mozaic Secures $20 Million to Develop Innovative Creator Payment-Splitting Solution

Mozaic, formerly Jammber, secures $20 million in a Series A funding round led by Volition Capital to develop a payment-splitting solution for creators. Founded in 2015 by CEO Marcus Cobb and SVP of Growth Rachel Knepp, Mozaic initially focused on B2B services for the music industry. The company pivoted during the 2020 pandemic, launching a collaborative payments platform.

Mozaic's API, utilized by renowned artists and companies, enables automatic payment distribution for collaborative projects. With plans to enhance its platform, Mozaic will introduce a mobile app and Chrome extension for creators. The company charges a transaction fee of 1.99% + $1, with a maximum cost of $25.