Indeed, when you try to create a video, you find that you can just start recording, or choose from a slew of templates to make your video distinctive. If you can put all that aside, Funimate is a great short-form video creator, as evidenced by many of the sophisticated-looking creator-community videos you can browse within the app. In fact, you're offered the opportunity to upgrade to the Pro version frequently, and you need to watch ads to use certain features.
When you install the app you get the option to customize the ad experience, and many of the app's core features are behind a paywall. Funimate would be a little more fun if it didn't lean so hard into trying to monetize you.