Moven Raises Cash for Added Features, Global Expansion (July 1, 2014)
Moven, a mobile-focused financial services provider, announced today it has raised $8 million in Series A funding. With the new infusion of cash, the company plans to invest in additional product features and tools for its real-time mobile money management service to further define the “downloadable smart bank account category in the U.S.,” wrote CEO Brett King on the Moven blog. The company, which exited its beta stage last March, also will move forward with international partnership agreements in Canada and New Zealand, according to reports. Funding was led by SBT Venture Capital and included Route 66 Ventures and Standard Bank, among others.