US-based BandPay is one of the startups trying to help musicians get paid for their work more efficiently. In its case, that takes the form of an app on which collaborators set milestones for their projects, with funds in escrow that are released when those milestones are hit. Now the company is getting a payment milestone of its own: a $2m funding round from an unnamed angel investor, which BandPay says it will use ‘to build its user base, starting with artists, producers, and other music professionals, as well as to continue building out features to serve them’.
Read the whole story at https://musically.com/2020/03/11/bandpay-raises-2m-for-its-music-collaborations-management-app/