Moven

From Wikipedia, the free encyclopedia
Moven
Industryfinancial service
Founded2011
FounderBrett King
Headquarters
United States
ProductsCred Score
MoneyPulse
MoneyPath

Moven (also referred to as Moven Enterprise) has been a leader in providing innovative technology solutions to financial institutions for over a decade. Partners have relied on Moven's patented data-driven Financial Wellness® platform to deliver real-time insights into their customers, resulting in reduced attrition, increased engagement, and revenue enhancement opportunities. Moven pioneered the concept of alternative consumer financial profiles with CredScore®, a proprietary scoring metric based on generally accepted financial wellness principals.

History[]

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

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

In 2021, Moven established clients on five continents and is making inroads into the US market with a number of partners that are offering a new BaaS concept Moven has dubbed "Bank in a Box". The Bank in a Box allows a bank or fintech to set up a challenger bank within 60-90 days. Moven operates on the front end and Q2's CorePro is the backend digital banking solution.

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.

External links[]

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