# Movencorp

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/movencorp

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.moven.com
- Total disclosed funding: $22M
- Latest round: Series B (Oct 8, 2015)
- Investors on record: 10

## About

Movencorp Inc., based in the US, specializes in enhancing digital banking experiences through innovative solutions tailored for banks, credit unions, and fintech companies.Founded in 2011, Movencorp Inc. operates from its headquarters in New York, US, providing data-enriched digital banking solutions. The company has completed a total of 5 deals, with its most recent funding round occurring on January 31, 2018, where it raised USD 23.00 mn in a Series B round from SBI Holdings, TD Bank, and Westpac Bank. The current CEO is Keshav Talwar, a key figure in driving the company's operations.Moven specializes in enhancing digital banking experiences through its innovative products tailored for banks, credit unions, and fintech companies. The core offerings of Moven include data-enriched digital banking solutions that leverage powerful analytics, personalized design features, and financial wellness components. These solutions facilitate customer engagement throughout various stages of their financial lifecycle, helping end-users better manage their finances. Moven's technology provides actionable insights that promote customer retention, improve financial health, and optimize mobile banking monetization, serving a diverse client base across North America and Europe.Moven's revenue model is primarily based on B2B partnerships with financial institutions utilizing its smart banking technology and data analytics services. The company generates income through subscription-based agreements, allowing clients to access its suite of digital banking solutions. Financial institutions pay periodic fees for the services provided, which may include customized branding and data analytics, helping reduce acquisition costs and enhance user engagement, ultimately benefiting their profitability.Movencorp Inc. aims to leverage its recent funding of USD 23.00 mn raised in January 2018 to introduce FinTech services to regional financial institutions and expand its offerings to domestic and international financial institutions. The company plans to design and launch new products to further enhance its service portfolio and targets growth in specific markets that are rapidly evolving in digital banking.

## Funding rounds

- Series B, Oct 8, 2015, $9.5M — Anthemis, Route 66 Ventures, Atlas Asset Management, R136, New York Angels
- Series A, Jul 18, 2014, $8M — Standard Bank Group, Capital VC, Anthemis, Route 66 Ventures, SBT Venture Capital, New York Angels
- Seed, Apr 4, 2013, $2M — Life.SREDA
- Seed, Jul 25, 2012, $2.5M — Anthemis, Raptor Capital Management

## Investors

- Anthemis (https://capitalatlas.ai/funds/anthemis) — Seed, Series A, Series B
- Raptor Capital Management (https://capitalatlas.ai/funds/raptor-capital-management) — Seed
- Life.SREDA (https://capitalatlas.ai/funds/life-sreda) — Seed
- Standard Bank Group (https://capitalatlas.ai/funds/standard-bank-group) — Series A
- Capital VC (https://capitalatlas.ai/funds/capital-vc) — Series A
- Route 66 Ventures (https://capitalatlas.ai/funds/route-66-ventures) — Series A, Series B
- SBT Venture Capital (https://capitalatlas.ai/funds/sbt-venture-capital) — Series A
- New York Angels (https://capitalatlas.ai/funds/new-york-angels) — Series A, Series B
- Atlas Asset Management — Series B
- R136 (https://capitalatlas.ai/funds/r136) — Series B