FinovateSpring 2015 / Moven
Presenter Profile:
How they describe themselves: Moven is a disruptive mobile-centric financial wellness app described by Wired, Forbes and the New York Times as a “bank of the future” and by Venture Beat as an “anti-budgeting” experience. Moven’s app, debit card, and contactless payment sticker provide real time insights that help consumers make smarter money decisions and save more. As a financial fitness service for your money, Moven is currently available in 3 countries and will be available in 9 additional countries by 2017.
How they describe their product/innovation: Moven has built real-time contextualized notifications and interactions that create gamified money moments. Moven’s demonstration debuted a behaviorally based approach to driving savings and short-term credit. In addition Moven, in partnership with Accenture, announced a number of additional global banking partners.
Product distribution strategy: B2C in the US, B2B2C Internationally
Contacts:
Bus. Dev.: Mohamed Khalil, Head of Product, Data & Distribution, mo@moven.com, (m) 917-209-1133
Press: Allie Tedone, Diffusion PR, allie.tedone@diffusionpr.com, (o) 646-571-0120, (m) 646-736-6446
Website: moven.com
Twitter: @getMoven
HQ: New York, NY
Founded: April 2011
Product Demoed: Moven Financial Health Platform
Product Launch: June 2015
Metrics: $12.5M raised in 2 rounds (Seed/A), 34 employees in New York and Philly, projected revenue of $5.5M (2015), 500,000 users in 2 countries (USA/NZ)
Presenters: Brett King (CEO), Alexander Sion (President)
- Key Executives
Brett King (CEO & Founder), Alex Sion (President & Co-Founder), Richard Nearn (CFO), Bob Savino (CTO), Mohamed Khalil (Head of Product, Data & Distribution)
Key Stats
- Key Board Members
Mircea Mihaescu (SBT Venture Capital), Uday Goyal (Anthemis Group), Brett King (CEO, Moven), Alex Sion (President, Moven)
- Key Investors
SBT Venture Capital, Anthemis Group, Route 66, New York Angels, Kevin Plank (UnderArmor), Jim Palotta (Raptor Capital Management), Standard Bank
- Key Advisory Board Members
Pascal Bouvier (Route 66), Dianne Casey-Landry (DCL Advisors) Samy Kamkar (Security Advisor), Chris Douvos (Super LP), Philippe Paillart (Retired Citi/DBS Board Member), Gurdeep Premwal (BNP Paribas Investment Bank)
- Key Partnerships
CBW Bank, MasterCard, FIS, MX (Money Desktop), Accenture
- Key Customers
Moven, growing by over forty thousand users globally each month, will support more than 2M users by year end and 20M by 2016. Moven is currently partnered with Westpac in New Zealand and TD Bank in Canada.