Provides a financial platform that streamlines the onboarding, payment, and compliance processes for influencers and 1099 contractors by integrating with existing ERP and accounts payable systems. Lumanu reduces manual invoice processing by 95%, ensures tax compliance, and consolidates vendor management, enabling marketing and finance teams to operate efficiently across 60+ countries.
Funding
$20.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Managing payments and compliance for influencers and 1099 contractors can be a complex and time-consuming process for marketing and finance teams. Traditional methods often involve manual invoice processing, which is prone to errors and inefficiencies. Ensuring tax compliance across multiple countries and consolidating vendor management adds further layers of complexity.
Solution
Lumanu offers a financial platform designed to streamline onboarding, payments, and compliance for influencers and 1099 contractors, integrating seamlessly with existing ERP and accounts payable systems. The platform automates vendor onboarding, verification, and compliance, reducing manual invoice processing by up to 95%. By acting as a master vendor, Lumanu provides full visibility and control over spend and budgets, enabling marketing and finance teams to operate efficiently across 60+ countries. The system ensures tax compliance and consolidates vendor management, minimizing risks and maximizing compliance. Lumanu empowers teams to move faster and deliver results without sacrificing control, improving margins by reducing rogue spend through third-party vendors.
Target Audience
Lumanu primarily targets marketing and finance teams within brands and agencies that work with influencers and 1099 contractors, as well as legal and business affairs departments seeking to simplify contractor onboarding and ensure compliance.
Features
- Automated vendor onboarding, verification, and compliance processes
- Integration with existing ERP systems such as Ariba, SAP, Coupa, and Oracle
- Global payments processing in 60+ countries
- Automated tax compliance and reporting for 1099 contractors
- Consolidated vendor management and spend tracking
- Real-time budget visibility and control
- Support for various payment methods, including instant pay options
- Reporting and analytics dashboard for spend analysis