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Moov Financial raises $5.5m in Seed funding

Iowa based open source embedded banking platform raised $5.5m in seed funding led by Bain Capital Ventures.

Speaking about the platform’s development, Wade Arnold, Founder and CEO of Moov, stated: “Seamless banking services have become a consumer expectation for technology companies in the same way the internet, cloud, and mobile have done in the past. We see history being repeated in fintech where proprietary solutions were first to market and subsequently replaced by community-led efforts surrounding open source projects.”

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banking, iowa, open source