What is Movii?
MOVii is a fintech innovator dedicated to enhancing financial inclusion for individuals previously excluded from traditional banking systems. Through its intuitive app and associated card, the company empowers users to manage their finances effectively. This strategic capital infusion is expected to accelerate Movii's mission to democratize access to financial services, targeting a market ripe for disruption and innovation in the banking sector.
How much funding has Movii raised?
Movii has raised a total of $15M across 1 funding round:
Series B
$15M
Series B (2021): $15M with participation from Hard Yaka and Square
Key Investors in Movii
Hard Yaka
Hard Yaka is a strategic investment firm founded in 2011, focusing on fair access to essential services such as payments, digital identity, and banking. The firm has invested in over 250 companies, driven by the principle that everyone deserves equitable access to financial resources and communication tools.
Square
Founded in 2009, Square is headquartered in San Francisco, California. They offer payment products & point of sales systems for their customers, indicating a strategic interest in payment infrastructure and merchant services.
What's next for Movii?
With this substantial backing, Movii is poised for accelerated growth and expansion. The enterprise-level capital suggests a focus on scaling operations, enhancing technological infrastructure, and potentially broadening its service offerings to capture a larger market share. This strategic investment will likely fuel initiatives aimed at further penetrating the unbanked and underbanked segments, solidifying Movii's position as a leader in financial inclusion technology.
See full Movii company page
