Moven

Moven (also referred to as Moven Enterprise) is a mobile financial service provider operating in the United States. Moven's mobile payments system relies on NFC technology, available via contact stickers placed on users' mobile devices.[1] Moven's products allow users to track their financial wellness using Moven's tools: CRED Score, MoneyPulse and MoneyPath, and a financial personality test.[2]

Moven
Industryfinancial service
Founded2011
FounderBrett King
Headquarters
United States
ProductsCred Score
MoneyPulse
MoneyPath

History

Moven was founded in 2011 by Brett King, author of the Bank 2.0, Bank 3.0 and Bank 4.0 books.[3][4]

In August 2012, Moven announced that it had closed a $2.4 million seed investment round,[5] funded by Moven's founders, Anthemis Group, Raptor Ventures, Kevin Plank (CEO of Under Armour), and a syndicate of Singaporean investors.[6] In 2013, a fintech VC fund Life.SREDA invested $2 million in the Movenbank.[7] Also in 2013, Moven launched its mobile banking and mobile payment services.

In 2020, Moven closed its US consumer financial services operations due to lack of funding. The company continues to operate as a mobile banking and financial technology application developer, creating a white-label solution for other financial institutions.[8]

Media coverage

Moven has been featured in American Banker,[9] BetaKit,[10] BRW,[11] and PSFK.[12]

References
  1. Greenemeier, Larry. "Android Embraces, iPhone 5 Passes on Near-Field Communication Data Sharing". Scientific America. Retrieved 18 January 2013.
  2. "A Vision for 'Frictionless' Banking". American Banker, 1 May 2012.
  3. Myers, Courtney. "Movenbank: The world's first cardless bank launches in Alpha". The Next Web. Retrieved 18 January 2013.
  4. Movenbank deposits .4 million of seed capital
  5. Mobile banking company Movenbank seals $2.41m seed funding | AltAssets Private Equity News
  6. Finkle, Victoria. "Movenbank Raises $2.4M in Seed Funding". American Banker. Retrieved 18 January 2013.
  7. 'Russia’s Life.SREDA invests in US startup to build “world’s first cardless bank”'. East-West Digital News.
  8. https://www.businessinsider.com/us-neobank-moven-shutters-as-coronavirus-dries-up-funding-2020-3
  9. Crossman, Penny. "The Future of Banking Is All About Context: Brett King". American Banker. Retrieved 18 January 2013.
  10. 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.
  11. Cameron, Mark. "Banking on Social Media". BRW. Retrieved 18 January 2013.
  12. Bailly, Nestor. "Banking Startup Uses Social Influence to Calculate Credit Score". PSFK. Retrieved 18 January 2013.
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