#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 beenContinue reading “#BaaS / Moov Financial raises $27m in Series A funding round”

#EmbeddedBanking / Moov raises $27m for open source banking platform

Moov Financial, the US startup behind an open source embedded banking platform, has raised $27 million in a Series A funding round led by a16z. Founded by fintech veterans Wade Arnold and Bob Smith in 2017, Iowa-based Moov creates open-source infrastructure that makes it easier for businesses to send, receive and store money for theirContinue reading “#EmbeddedBanking / Moov raises $27m for open source banking platform”

#EmbeddedBanking / Embedded banking fintech Weavr lands $4m seed round

Investors include Monese, Anthemis, QED Investors – which also backs Zopa and SoFi – and Revolut-backer Seedcamp. [CEO:] “The need for simple and accessible embedded banking products could not be more urgent… Embedded banking offers extraordinary potential for the future of work, the move away from cash, and the integration of financial services into allContinue reading “#EmbeddedBanking / Embedded banking fintech Weavr lands $4m seed round”

#EmbeddedBanking / This is Goldman’s bet to break into a $32bn industry serving the world’s biggest corporat ions

[GS:] “This is the financial cloud for corporates… The possibilities of what we could do here are practically limitless.” *** Goldman just released software that allows clients to embed banking services into their own products. The strategy could help Goldman jumpstart its push into transaction banking, which has lagged consumer technology in ease of use…Continue reading “#EmbeddedBanking / This is Goldman’s bet to break into a $32bn industry serving the world’s biggest corporat ions”

#EmbeddedBanking / Wise Announces $12M Series A To Accelerate Embedded Banking

… Wise raised the Series A funding to accelerate growth and partnerships across several verticals and to extend its breakthrough technology to support a fully-managed, first-of-its-kind embedded banking experience. [e.ventures:] "Business banking has been broken for far too long. Poor user interfaces, payments delays, unnecessary fees, a lack of integrations, the list goes on andContinue reading “#EmbeddedBanking / Wise Announces $12M Series A To Accelerate Embedded Banking”

#EmbededBanking / Standard Chartered Korea brings banking to consumers’ keyboards

Standard Chartered’s Korean banking arm has partnered with Israeli fintech PayKey to embed banking into consumers’ keyboards. The bank says the partnership is part of its “embedded banking transformation”. Whilst the two are calling it the “first” solution of its kind, similar solutions – such as Zelf – have already launched in Europe. The solutionContinue reading “#EmbededBanking / Standard Chartered Korea brings banking to consumers’ keyboards”