MONET, a London-based financial platform focused on improving cashflow management for creative agencies, has secured £17 million in early-stage funding ahead of its seed round closing this July.
The investment is led by senior banking figures Paul Rippon, co‑founder of Monzo and Starling, Michael Fischer of Modern Capital Group, and Dan Adler of Railsr and D Squared Capital, alongside specialist venture firm Force Over Mass and other angel investors.
The raise combines equity and debt, and MONET is in talks to secure a further £10 million in debt financing. The company says its platform is already in use by agencies working on television, music, gaming, and social media campaigns, including Cowshed Collective, which produced Footasylum’s YouTube series Locked In.
The move comes as creative businesses in Britain continue to face barriers to traditional lending. Figures from the Creative Industries Council show only 7% of creative businesses access bank lending, compared with 25% of small and medium‑sized firms overall. MONET’s platform integrates financing, payments, and workflow tools to support agencies operating in a sector valued at £124 billion annually.
Features include campaign‑based financing of up to £3 million per agency, payment capabilities across more than 130 countries, real‑time cashflow forecasting and invoice management. Casson said most clients generate between £2 million and £20 million in revenue and need financial systems that match their pace.
According to the UK Business Debt Report, more than £500 million of business debt is tied up in the country’s arts sector. Goldman Sachs projects the global creator economy will reach over £350 billion by 2027.
