What is Movii?
Movii operates at the intersection of financial technology and social impact, specifically targeting the underserved segments of the Colombian economy. By providing a seamless digital interface for money management, the company effectively replaces the need for traditional brick-and-mortar banking infrastructure. Its platform allows users to manage funds, execute payments, and access essential financial tools, thereby fostering greater economic participation for those previously excluded from the formal financial system. The company's focus on accessibility and user-centric design has established it as a critical player in the regional fintech landscape.
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 Square and Hard Yaka
Key Investors in Movii
Square
A San Francisco-based financial services and digital payments company that provides point-of-sale systems and merchant services to businesses globally.
Hard Yaka
A strategic investment firm focused on fair access to essential services including payments, digital identity, and banking, with a portfolio of over 250 companies.
What's next for Movii?
Looking ahead, Movii is poised to leverage its recent funding to accelerate product development and deepen its market penetration. The strategic focus will likely center on enhancing the robustness of its payment infrastructure and expanding its suite of financial products to include more sophisticated credit and savings solutions. As the company transitions from its current growth phase into a more mature enterprise-level operation, the emphasis will remain on maintaining regulatory compliance while scaling its user base. By continuing to prioritize financial inclusion, Movii is set to remain a dominant force in the Latin American fintech sector, driving long-term value for its stakeholders and customers alike.
See full Movii company page
