#BaaS / Moov Financial raises $27m in Series A funding round

The firm claims its systems allow banks to “quickly deploy basic financial service solutions”.

Moov started as an open-source movement in 2017 from Wade Arnold and Bob Smith, veteran fintech founders of Banno (acquired by Jack Henry).

Matt Harris, partner at Bain Capital Ventures, said back during the seed round that the industry has been looking for a “common need for a modern, portable, embedded money movement infrastructure”.