Moven
IndustryFintech
Founded2011
FounderBrett King, Alex Sion
Headquarters
United States
ProductsIntegrated PFM
BaaS
Companion Apps

Movencorp also referred to as Moven, is a fintech company working with banks, credit unions and fintechs.

History

Moven was co-founded in 2011 by Brett King, author of the Bank 2.0, Bank 3.0 and Bank 4.0 books and others.[1][2]

In August 2012, Moven announced that it had closed a $2.4 million seed investment round,[3] funded by Moven's founders, Anthemis Group, Raptor Ventures, Kevin Plank (CEO of Under Armour), and a syndicate of Singaporean investors.[4] In 2013, a fintech VC fund Life.SREDA invested $2 million in the Movenbank.[5] Also in 2013, Moven launched its mobile banking and mobile payment services.

In 2020, Moven closed its Neobank operations to refocus its efforts on white label B2B efforts with financial institutions and fintechs. The company continues to operate as a digital banking and financial technology application developer, providing financial institutions and fintechs with APIs and SDKs.

in 2021 a new management team was formed with Richard Radice transitioning to CEO and fintech veteran Bryan Clagett, joining as CRO.

Media coverage

Moven has been featured in American Banker,[6] BetaKit,[7] BRW,[8] and PSFK.[9]

Brett King also hosts the #1 Fintech radio show and podcast Breaking Banks.[10]

References

  1. ↑ Myers, Courtney. "Movenbank: The world's first cardless bank launches in Alpha". The Next Web. Retrieved 18 January 2013.
  2. ↑ Movenbank deposits .4 million of seed capital
  3. ↑ Mobile banking company Movenbank seals $2.41m seed funding | AltAssets Private Equity News
  4. ↑ Finkle, Victoria. "Movenbank Raises $2.4M in Seed Funding". American Banker. Retrieved 18 January 2013.
  5. ↑ 'Russia’s Life.SREDA invests in US startup to build “world’s first cardless bank”'. East-West Digital News.
  6. ↑ Crossman, Penny. "The Future of Banking Is All About Context: Brett King". American Banker. Retrieved 18 January 2013.
  7. ↑ Bury, Erin. "Mobile Banking Startup Movenbank Raises $2.4million, Launches CREDscore tool". BetaKit. Archived from the original on 8 March 2013. Retrieved 18 January 2013.
  8. ↑ Cameron, Mark. "Banking on Social Media". BRW. Retrieved 18 January 2013.
  9. ↑ Bailly, Nestor. "Banking Startup Uses Social Influence to Calculate Credit Score". PSFK. Retrieved 18 January 2013.
  10. ↑ "Breaking Banks". Provoke.fm Media. Retrieved 2021-08-03.
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