Moven
| Company type | Private |
|---|---|
| Industry | Financial technology |
| Founded | 2011 |
| Founder | Brett King |
| Headquarters | New York City , United States |
Area served | Global |
Key people | Richard Radice (CEO), Bryan Clagett (Chief Revenue Officer), Brett King (Founder) |
| Products | Consumer spending analytics, APIs and SDKs for digital banking platforms |
Movencorp Newco Inc., operating under the name Moven, is a fintech enterprise headquartered in New York City. The company collaborates with banks, credit unions, and other fintech organizations. It focuses on consumer spending analytics by embedding technology into financial applications to provide users with spending notifications and insights. Moven’s technology is integrated into applications such as TD Bank's MySpend and Westpac's CashNav.
History
Established in 2011 by Brett King, the author behind the Bank 2.0, Bank 3.0, and Bank 4.0 book series, Moven raised $2.4 million in seed capital in August 2012. Investors included the founders themselves, Anthemis Group, Raptor Ventures, Kevin Plank (CEO of Under Armour), and backers from Singapore. The following year, fintech venture capital firm Life.SREDA contributed $2 million, coinciding with Moven’s rollout of mobile banking and payment solutions.
In 2020, Moven discontinued its Neobank services to concentrate exclusively on providing white-label B2B offerings tailored for financial institutions and fintech companies. These offerings include APIs and SDKs designed for digital banking platforms. Leadership changes occurred in 2021 with Richard Radice appointed as CEO and fintech expert Bryan Clagett joining as Chief Revenue Officer.
Media coverage
Moven has gained attention from prominent business media outlets such as American Banker, BetaKit, BRW, and PSFK, which have recognized its pioneering efforts in mobile banking and credit scoring innovations.
Additionally, founder Brett King hosts Breaking Banks, a leading podcast and radio program in the fintech space, further enhancing Moven’s prominence within the financial technology industry.