This is the XPO pitch deck to raise a $1m seed round in 2021.
About
We pay creator invoices, crazy fast.
More than 50 million content creators have to wait 120 days to be paid by the brands they work with, said Lotanna Ezeike. His company, XPO, is trying to shorten that period to 24 hours.
XPO is an invoicing service that seeks to be the intermediary between creators and brands. Once a creator submits an invoice to XPO, the company confirms its legitimacy with the brand, collects the earnings, and distributes the money.
XPO officially launched on August 2 and already raised more than $1 million in a seed round led by investment firm Blue Wire Capital. What’s more, it’s on track to close the round at $1.6 million in September, Ezeike said. This comes as the creator economy, which counts 50 million people globally, continues to grow, according to a report by venture capital firm SignalFire.
Ezeike, 23, and Tomi Aiyeola, 24, started the business in 2019. XPO beta-tested its product with 250 creators and, so far, has worked with companies like Adidas, Depop, Fenty Beauty, and Nike.
“We have no cases of brands not paying,” Ezeike said, noting that XPO has a waiting list of more than 2,000 people. “We only work with blue-chip brands who are under-written and credit checked.”
Funding Rounds
|
Announced Date
|
Transaction Name | Number of Investors | Money Raised | Lead Investors |
| Jul 1, 2021 | Pre Seed Round – XPO | 1 | $1M |
Blue Wire Capital
|
| Apr 11, 2019 | Pre Seed Round – XPO | — | — | — |
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