Moov Financial has raised $27 million in a Series A funding round led by a16z. The funding will be used to boost its team and develop enterprise software offerings.

Mar 30, 2025•9 months ago

Amount Raised

$27 Million

Round Type

series a

Cedar FallsFinancial Services

Investors

Gradient VenturesUncorrelated VenturesCanapi VenturesBain CapitalA16z

Description

Open source platform, Moov Financial, has raised $27 million in a Series A funding round led by venture firm a16z. The round featured participation from existing investors Bain Capital, Canapi Ventures, Uncorrelated Ventures, and Gradient Ventures. Moov plans to use its new capital to boost its team and develop its enterprise software offerings. The firm claims its systems allow banks to 'quickly deploy basic financial service solutions'.

Company Information

Company

Moov Financial

Location

6820 University Avenue

Cedar Falls, Iowa, United States

About

Moov makes it easy for businesses to accept, store, send, and spend – all in one platform. Gone are the days of stitching together multiple vendors to move money. While most payment providers only handle part of the payment picture, Moov orchestrates the entire money movement story from start to finish, giving software companies visibility and control over the whole experience. As a modern money movement platform, Moov offers a simple, powerful, and scalable way to integrate payments into products. Moov is uniquely a payment Processor, issuer, registered PayFac, program manager, and technology provider, making it an all-in-one payment solution for businesses wanting to facilitate complex money movement as quickly and securely as possible.

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Funding Insights

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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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