# Movii

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/movii-s-a

- Industry: Financial Services
- Headquarters: Bogota, Colombia
- Website: www.movii.com.co
- Total disclosed funding: $15M
- Latest round: Series B (Oct 6, 2021)
- Investors on record: 2

## About

Movii S.A. is an innovative financial technology company that provides digital wallet solutions, enabling users to conduct transactions, manage payments, and enhance financial inclusion for the unbanked and underbanked populations.Movii S.A. was founded in 2017 in Bogota, Colombia, focusing on delivering digital financial services. The company was established by Hernando Rubio and Julian Montejo. In October 2021, Movii raised USD 15 mn in Series B funding, co-led by Square, Inc. and Hard Yaka, bringing the total amount raised to USD 15 mn. The company's operations have consistently aimed at addressing the financial needs of diverse populations, particularly in Colombia.Movii specializes in providing innovative financial solutions through its digital wallet application, which enables users to manage transactions, make payments, and conduct financial operations seamlessly. The core features of the application include peer-to-peer money transfers, bill payments, and a prepaid card that allows users to make purchases both online and at retail locations. This service is designed to facilitate financial inclusion for unbanked and underbanked populations, making it easier for them to access essential financial services. Movii targets a diverse client base, including individual consumers, small businesses, and merchants, primarily in Colombia and expanding into other Latin American markets. The app was released to address the growing demand for digital financial solutions amidst the increasing adoption of technology in everyday transactions.Movii generates revenue through a variety of transaction-based models, including fees from money transfers, payment processing, and partnerships with merchants. Each transaction executed through the digital wallet incurs a nominal fee, contributing to the overall revenue stream. Additionally, Movii may establish partnerships with businesses for promotional campaigns or loyalty programs, further enhancing its value proposition. The pricing structure includes competitive rates for individual transactions, ensuring affordability for users while maintaining a sustainable business model. The company's flagship product, the digital wallet, is central to its revenue generation strategy, providing users with a user-friendly platform for managing their finances effectively.In October 2021, Movii S.A. raised USD 15 mn in Series B funding to accelerate its growth through existing services and launch new ones. The company plans to introduce additional financial products in the near future, although specific launch dates are not yet disclosed. Movii is also looking to expand its presence into other Latin American markets, further enhancing its reach and service capabilities.

## Funding rounds

- Series B, Oct 6, 2021, $15M — Block, Inc., Hard Yaka

## Investors

- Block, Inc. — Series B
- Hard Yaka (https://capitalatlas.ai/funds/hard-yaka) — Series B