Startup profile · funding coverage
Moov funding, valuation and investors
Open-source financial infrastructure APIs for embedding payments and money movement.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Series B
$45M · 2023
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
$78M
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
series b · Waukee, IA
Overview
Moov provides open-source APIs and cloud infrastructure for embedding payments, ACH transfers, account verification, and money movement into software products. Founded by alumni of Jack Henry's Banno digital banking unit, Moov raised a $27M Series A led by a16z in December 2020 and a $45M Series B in 2023 led by Commerce Ventures.
Why Moov is interesting
Ex-Banno founders open-sourced banking primitives — a16z led $27M Series A as Moov became embedded-fintech plumbing for ACH, cards, and account verification.
Product & use cases
Moov offers developer-first payment rails — ACH, card processing, identity verification, and ledgering — as embeddable APIs with open-source components. Fintechs and platforms integrate Moov instead of building direct bank connectivity.
- Embedded ACH and payment processing in fintech apps
- Account verification and bank linking
- Money movement infrastructure for platforms
Key facts
- Series A (Dec 2020): $27M led by a16z — a16z announcement
- Series B (2023): $45M led by Commerce Ventures
- Founded by ex-Banno (Jack Henry) team
Funding history (newest first)
Series B
2023 $45M- Commerce Ventures (lead)
- Andreessen Horowitz (participant)
Source: Read source · moov.io
Series A
2020-12 $27MSource: Read source · a16z.com
Investors in our directory
Funds linked from Moov's profile — open a fund page for stage focus and related deal articles.
Competitive landscape
Edge: Open-source core with cloud-hosted compliance — developer trust from transparent code plus regulated money transmission licenses.
Embedded payments is Stripe's domain but Moov differentiates on open-source transparency and ACH depth. Competes with Dwolla on bank rails; Stripe on developer mindshare. Banno founder pedigree signals banking compliance expertise.
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Stripe incumbent
Dominant payments API; less open-source.
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Plaid adjacent
Account linking; different layer.
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Modern Treasury adjacent
Payment operations for enterprises.
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Dwolla direct
ACH payment API specialist.
Notable stories
- Moov's founders built Banno, a digital banking platform acquired by Jack Henry — they open-sourced payment primitives to give developers banking-grade infrastructure.
Industries
Market / IPO context
Editorial / static context — not a live quote.
Related funding articles
Venture Capital Tracker pieces that cover Moov's financing or category context.
FAQs about Moov
Practical answers founders, operators, and investors typically search for.
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Editorial note: AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.