Lightricks Acquires Popular Pays, Empowering Creator Community to Monetize Content

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NEW YORK and JERUSALEM and CHICAGO, March 23, 2022 /PRNewswire/ -- Lightricks, a growing platform for content creators and developers of the world's leading photo and video editing tools such as Videoleap, Facetune2, Facetune Video, and Photoleap, announced today the acquisition of Popular Pays, the industry-leading Chicago-based software company that connects brands with creators to enable an agile approach to advertising for brands, and powerful monetization opportunities for creators.

Metadata
Provider: 
PR NewswirePR Newswire
Retrieved on: 
Wednesday, March 23, 2022
Information
Tags: 
NEW, Partnership, Insight Partners, Marketing, Growth, Advertising, Apple, CEO, Entrepreneurship, Software, Industry, Technology, Viola Ventures, Solution, TikTok, Awareness, Instagram, Social media, Acquisition, Goldman Sachs, Creative industries, Public relations, Lightricks
Geotags: 
NEW YORK, ISRAEL, ILLINOIS
Organisation: 
LIGHTRICKS, POPULAR PAYS
Summary
Key Points: 
  • The combination of Lightricks' creator suite and Popular Pays' robust tools for connecting, collaborating, and tracking partnerships between brands and creators will set the standard for the next generation of the creator economy.
  • They will reach new levels of success and connect easily with brands through the combination of Popular Pays' exceptional platform and team with the strength of Lightricks' creative tools and understanding of the creator community."
  • Lightricks is helping creators monetize their content while creatively engaging with fans.
  • "We couldn't be more thrilled to be joining forces with Lightricks," says Corbett Drummey, Co-Founder, and CEO at Popular Pays.


Lightricks Acquires Popular Pays, Empowering Creator Community to Monetize Content

Lightricks supports creators by providing tools and services, which now include Popular Pays' leading platform for creator-driven, agile advertising campaigns and brand collaboration.

NEW YORK and JERUSALEM and CHICAGO, March 23, 2022 /PRNewswire/ -- Lightricks, a growing platform for content creators and developers of the world's leading photo and video editing tools such as Videoleap, Facetune2, Facetune Video, and Photoleap, announced today the acquisition of Popular Pays, the industry-leading Chicago-based software company that connects brands with creators to enable an agile approach to advertising for brands, and powerful monetization opportunities for creators.

This is the first step in Lightricks' strategy to become a single resource for creators and brands alike.

This announcement is a first step in Lightricks' strategy to become a single resource for creators and brands alike, bringing together advanced tools and monetization opportunities for creators and providing brands access to the largest community of content creators across the globe, large and small. The combination of Lightricks' creator suite and Popular Pays' robust tools for connecting, collaborating, and tracking partnerships between brands and creators will set the standard for the next generation of the creator economy.

Popular Pays enables a more agile approach to advertising. Brands and agencies use their network of creators to produce content for any channel, leverage their software to streamline and scale their work and tap their customer service professionals to guide their brand's strategy. Popular Pays allows brands to be faster, more flexible, and efficiently deliver on their campaign goals by activating influencers for brand awareness, leveraging creator content to populate owned or paid channels, or using creators to test and learn on new platforms.

"This is an exciting moment for us, and an important step toward building a streamlined, one-stop platform that supports creators in all stages of their journey to create and monetize their content," says Zeev Farbman, Co-Founder, and CEO of Lightricks. "This acquisition is an important step for us, and will help change the game for creators. They will reach new levels of success and connect easily with brands through the combination of Popular Pays' exceptional platform and team with the strength of Lightricks' creative tools and understanding of the creator community."

Fresh from a $130 million Series D round, a new partnership with the D'Amelio family, and the launch of LinkInBio, Lightricks is the leading platform to enable creators of all skill levels to bring their creative vision to audiences of all sizes. Lightricks is helping creators monetize their content while creatively engaging with fans. With the Popular Pays acquisition, Lightricks brings tens of millions of creators a direct connection from within its portfolio of apps to world-class brands. Similarly, Lightricks will offer brands access to a wide pool of creators who can provide top-tier, user-friendly content that corresponds with a brand's values.

Popular Pays, whose leadership's strong background in marketing, is a natural fit within Lightricks. Popular Pays truly understands how brands need to adapt their strategies and processes to remain competitive in today's advertising landscape. Their solutions empower brands and will complement Lightricks' industry-leading suite of tools available to creators. Popular Pays saw significant success and growth in 2021, expanding to more than 130 active clients representing approximately 340 brands.

"We couldn't be more thrilled to be joining forces with Lightricks," says Corbett Drummey, Co-Founder, and CEO at Popular Pays. "Our vision is to lead an agile transformation in advertising, and we believe that creators will power that evolution. Together, we will have the largest opt-in creator community of any competitive offering. Our products, teams, and strengths are extremely complementary, and the resources and scale that Lightricks brings to the table will enable new and bold strategies that I believe will change our industry. We are excited to get to work on them together."

To access the Lightricks' media kit, including visual assets, please click here.

For more information about Lightricks, please visit www.lightricks.com and be sure to follow us on social media, Lightricks' Facebook Page, Instagram and TikTok.

About Lightricks

Lightricks is a pioneer in innovative technology that leads to breakthrough moments throughout the creation process. On a mission to push the limits of technology to reimagine the way creators express themselves, the company brings a unique blend of cutting-edge academic research and design to every user experience. Lightricks' suite of apps has over 500 million downloads worldwide and has won numerous prestigious awards — including Apple's App of the Year, the Apple Design Award, and both Apple and Google Play's Best of the Year. With five international offices, and backers including Goldman Sachs Asset Management, Insight Partners, Greycroft, ClalTech, and Viola Ventures, Lightricks continues to empower creators from the moment inspiration strikes.

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SOURCE Lightricks

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