Moven was formerly known as MovenBank Corp. Ltd. is a mobile-based banking service platform. It provides a real-time mobile money tool that lets users to spend money on their mobile device and provides instant feedback on transactions and spending patterns. It also allows users to deposit money in their Moven Account and make payments and withdrawals by using their debit/credit cards.
PRODUCTS & SERVICES:
Mobile-based banking app and debit/credit cards to track spending.
currently, Moven is the top neobank on Amazon (AMZN) Web Services.
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The company has partnered with TD Bank, CBW Bank to provide digital banking services. Other partners are Payoff and CommonBond to deliver digital financial innovation.
Moven has claimed that it has a network of over 42,000 ATMs where users can withdraw cash without any fees.
Brett King(CEO), Bob Savino(CTO), Mircea Mihaescu(COO), Zainab Scwartz(CFO)
VALUATION / MARKET CAP:
$80 MM in 2015
Moven is in the process of building other bank partnerships; the New Zealand-based bank Westpac has incorporated Moven's money management tools into its mobile banking app, for instance. And Midtbo said Moven is looking beyond banks and in discussions with telecommunications companies and retailers in markets where those industries can offer banking services.