Able, a fintech startup that helps indie creators manage their finances, has raised $3.3 million in seed funding.
The round was led by Elefund and featured participation from Moonshots Capital, Next Coast Ventures, LocalGlobe, and Signal Peak Ventures. Other investors include YouTube co-founder Chad Hurley, Twitch co-founder Kevin Lin, and more than 30 creators including Evan ‘VanossGaming’ Fong, Phil DeFranco, and Casey Neistat.
Able allows users to receive personalized financial recommendations, and to move money via text message. Users can also send invoices, receive tax tips, and consolidate information from other financial platforms including Venmo, Cash App, and Robinhood.
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The company was founded in 2019 by Vince Cortese and Angelo Pullen — the former CFO and co-founder/CEO, respectively, of 3BlackDot, a gamer-focused talent network and digital studio that also counts Fong as one of its founders.
Able isn’t the only app seeking to help creators manage their finances. The creator-focused startup Stir raised a $4 million seed round in Oct. 2020, and also counts Hurley and Neistat as investors.
“We raised pre-seed funding in 2020 and spent the year, mid-pandemic, building a highly scalable and secure product,” Cortese, who will serve as Able’s CEO, said in a statement. “As a CPA dealing directly with independent creators and workers of all kinds, I have seen how managing money, getting paid, dealing with taxes, and accessing other financial products like credit and loans are all harder for independent workers. It’s time to change that.”
Interested creators can sign up for the Able waitlist right here. The app is free on both Android and iOS.
