Moojo brings Europe's first mobile-app
for creators and digital freelancers
to invoice and get paid instantly

International investors backing its mission to empower the New Way of Work

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Berlin (ots|wro) - Today, Moojo announces its suc-cessful closing of its pre-seed financing round of $2m with international investors APX, Helvetia Ven-ture Fund, MS&AD, neoteq Ventures and Red Swan Ventures alongside highly experienced Business An-gels from Blackstone, Marsh and Athora.

Moojo's mission is to empower and secure creators and digital freelancers as the leading force driving the New Way of Work. Built by an experienced fintech & insurtech team Moojo gives millions of creators and freelancers the security, freedom and flexibility to focus on what they do best and follow the lifestyle they want.

"We are delighted to be part of the Moojo journey from the beginning. The team, the vision and their approach sets them apart and gives them a chance to be a leader in this fast-growing $150bn+ market"

Jon Soberg, Managing Partner, MS&AD Ventures

Moojo is solving real needs of its target customers and decided to enter the market with an instant pay-ment solution connected with a free invoicing tool. Overall almost 40% of digital freelancers and creators consider late payments a major burden; ~30% have continuous invoicing and bookkeeping challenges. Besides invoicing and instant payments there are ma-ny more challenges that Moojo will tackle to empower digital freelancers and creators. Next in their product pipeline are insurance and lending products.

"The team and their approach to embed insurance into their offering has convinced us. We are delighted to be Moojo's insurance partner and co-create the next-gen of solutions for the creator and the freelancer ec-onomy. We strongly believe in the way Moojo tailors and builds solutions for the community: integrated into their customers' lives."

Markus Niederreiner, CEO Hiscox, Germany

The New Way of Work represents a major shift from traditional employment to flexible and project based work driven by highly professional people following strong purposes and passions to generate great outcomes with their limited time. Freelancers are the fastest-growing segment of the EU labor market (35% increase in job portal sign-ups in the last 2 years) 'spearheading the New Work Order' as early adopters of agile and remote working. The creator economy ($100bn globally) continues to grow the amount of new microentrepreneurs with 500.000 young people in Germany already active as content creators full-time.

Moojo Founders: v.l.n.r. Utena Treves,
Amir Djouadi, Christian Engnath.
Bild: Moojo

 

About Moojo: Moojo is a Berlin-based Fintech company, founded in 2021 by Amir Djouadi, Christian Engnath and Utena Treves with a view to build the fintech backbone for digital freelancers and the creator economy. We believe that the professional work tomorrow will be drastically different: People will follow a strong purpose and want to achieve something great with their time & energy they put into their work, fully flexible. The New Way of Work!

 

About Hiscox: Hiscox is a global specialist insurer, headquartered in Bermuda and listed on the London Stock Exchange (LSE:HSX). The Hiscox Group employs over 3,000 people in 14 countries, and has customers worldwide. Through the retail businesses in the UK, Europe, Asia and the USA, we offer a range of specialist insurance for professionals and business customers as well as homeowners. Internationally traded, bigger ticket business and reinsurance is underwritten through Hiscox London Market and Hiscox Re & ILS.