# Moves Financial

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/moves-financial

- Industry: Financial Services
- Headquarters: Toronto, Canada
- Website: www.movesfinancial.com
- Total disclosed funding: $5M
- Latest round: Seed (May 24, 2022)
- Investors on record: 3

## About

Founded in 2020 by its CEO, Matt Spoke, and based in Ontario, Canada, Moves Financial Inc. operates as a provider of consumer finance services for gig workers. In May 2022, Moves Financial Inc. raised USD 5 million in seed funding led by new investor OMERS Ventures, with participation from other new investors N49P Inc. and Panache Ventures.

The company offers an application platform through which gig workers can connect their various freelancing accounts so that they can lend an advance payment for instant cash. The company also provides various financial services that include money management, credit checks, daily earnings deposits, and many more.

The company generates revenue by charging a 3.5% service fee for its business cash advance service.

The company plans to use the May 2022 investment to further develop its products and expand its operations.

## Funding rounds

- Seed, May 24, 2022, $5M — OMERS Ventures, Panache Ventures, N49P

## Investors

- OMERS Ventures (https://capitalatlas.ai/funds/omers-ventures) — Seed
- Panache Ventures (https://capitalatlas.ai/funds/panache-ventures) — Seed
- N49P (https://capitalatlas.ai/funds/n49p) — Seed