Equals Money to power innovative new financial management platform, Chorus TM

08 May 2024 - Press release

The new platform will offer entertainment managers fast and secure UK and international payments, real time spend reporting, streamlined reconciliation processes and FX management strategies.

Equals Money has today announced its collaboration with music-focused financial management platform, Chorus TM. The innovative platform, created by entertainment industry veterans, Simon Liddell and Freddy Greenish, and powered by Equals Money, offers a one-stop, cutting-edge platform for artist managers, business managers, tour managers and others working in the music and entertainment industry.

Providing a range of best-in-class financial services to save music-management professionals time and money, the platform will offer virtual cards as an alternative to traditional credit card payments. This will enable fast and secure UK and international transactions, streamlined reconciliation processes and real-time visibility over spend.

Further utilising Equals Money’s in-house expertise, Chorus TM will provide access to experienced FX experts, helping managers to get the most out of their money.

Alongside the online platform and app*, Chorus TM will offer services including:
● Named multi-currency IBAN accounts – enabling funds to be sent and received in multiple currencies from just one own named bank account, saving clients substantial fees on collection of foreign income, international payments and transfers
● Multi-currency Chorus TM MasterCard® able to spend in 20 different currencies on one card, with instantly issued virtual cards to use globally, in addition to physical cards
● Access to over 140 currencies worldwide
● Seamless integration with popular accounting software Xero

Equals Group Chief Product Officer & Managing Director - International, James Simcox said: “Over the past two decades, Equals Money have built a strong presence in the international film and TV industries with our B2B financial management software so expanding our expertise and offering into the wider entertainment industry is a natural next step for us.”

“Our heritage working with businesses in the sector has given us the knowledge of what works and the kind of solutions that are required. As a result, Chorus TM’s offering is accessible, efficient, and effective – making money movement one less thing for entertainment managers to worry about.”

With over 20 years shared experience working in financial services for entertainment businesses across the UK and US, Liddell and Greenish most recently ran the entertainment and music teams at spend management platform Centtrip, working closely with over 1,000 clients including global artists, artist/talent management companies, record labels and music publishers.

On the new platform, Simon Liddell said: “The Chorus TM platform is cutting-edge, representing a great step forward in the products we can now offer. Being powered by Equals Money allows us to leverage their premier technology and expertise. We share the same ambition, to provide the perfect solution and save money for our Entertainment clients whilst making the lives of the teams behind them easier.”

Freddy Greenish added: “Having worked with clients in entertainment and music for many years, we understand the challenges of our global clients and recognize that great technology and exceptional service don’t need to be mutually exclusive.”

“We are now leading the way. The reaction we’ve received from clients has been fantastic and we are excited to have a great team behind us that continually innovate and enhance our offering as we look to expand globally.”

Following its UK launch this month, Chorus TM have also been onboarding US clients with a full launch planned in the coming months.

*The Chorus TM app is available on both Google Play and the Apple App Store.