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Moov Financial raises $27m in Series A funding

Iowa based open source embedded banking platform raised $27m in Series A funding led by a16z.

We will use the funds to expand our team, further develop our enterprise offerings, and double-down on setting the standard for open collaboration on financial protocols. We’ll fast-track our development of other payment primitives and introduce financial institutions servicing fintechs and software companies across industries to the ways Moov can simplify and improve their financial products.

Tags

banking, open banking