Spangle Raises $6M to Power Kanga: The Social Marketplace Revolutionizing Influencer Monetization

Kanga is thrilled to announce a major milestone in its journey as the first-ever social platform designed by influencers to directly monetize social influence—a concept that’s reshaping the way brands and creators connect. In a recent funding round led by Spangle, Kanga raised an impressive $6,000,000, which will be strategically invested in broadening the platform’s innovative capabilities and scaling its unique social marketplace. Unlike traditional influencer marketing, Kanga allows brands to sync their products seamlessly into an in-app storefront, while empowering users to tag and sell these products directly from their posts with just one click. This breakthrough eliminates the need for tedious redirects to bios or repeated input of credit card and shipping information, ensuring an effortless and immediate shopping experience that keeps fans engaged and active. The injection of capital will fuel the development of new features and enhance the overall user experience on the platform. Users can already earn a 10% commission on every purchase made through their shops or posts, providing a direct and tangible way to monetize their social influence. With this funding, Kanga plans to invest in the next generation of technological upgrades designed to facilitate real-time e-commerce insights, enabling creators to prove their value to brands using direct sales numbers. This powerful data will bolster their negotiating leverage for high-value endorsement deals while simultaneously expanding the reach of proprietary product lines. As Kanga continues to evolve as a cost-effective and authentic marketing tool, the company stands poised to revolutionize the social media space, empowering everyday users to transform into influential curators and trendsetters.