NEW YORK, NY and TORONTO, December 6, 2022 – Artist Growth Inc., a high growth collaboration and business platform for labels, artist managers, and creative teams and Payfare Inc. (TSX: PAY), a leading fintech powering instant payout and digital banking solutions for the gig workforce, today announced that they have partnered to launch the Artist Growth Wallet, an industry-first financial platform for artists and creators offering a business Visa card with no monthly fee digital banking and faster access to earnings.
The Artist Growth Wallet, launching this December, will enable artists and creators to have faster access to their earnings from content platforms such as social media, record labels, event venues and more. With an estimated 200M1 creators globally, the creator economy is sized at more than $104B2. In 2021, more than 43% of creators in the US earned over $50K in annual income or higher. In an industry poised for exponential growth, the Artist Growth Wallet offers artists and creators financial control