BankingBusiness

Moov: Raises $27m for open source banking platform

  • Started Moov in 2017 to lend a trusted hand to developers building or integrating financial products
  • Developers could now turn to Moov and implement solutions in a single day, rather than frantically reading outdated PDFs
  • The group continued to grow as users working at large financial institutions, neobanks
  • Three months ago rounded first huge milestone as announced $5.5 million seed round led by Bain Capital Ventures
  • From banking to integrated payments, Moov empowers developers with developer-first code that’s modular, portable, and bank agnostic
  • As companies consider new systems, developers are often left in the back seat, while other teams make structural decisions
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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