Route 66 Ventures Leads $12M Series B for Moven

Moven, the first global, mobile banking platform that provides real-time behavioral feedback to consumers so they can spend and save smarter, today announced the closing of a $12M Series B Funding round led by Route 66 Ventures with additional support from Anthemis Group, Moneytime Ventures, Atlas Asset Management, NY Angels and Jim Palotta of Raptor Group. The new financing will be used for international expansion, advancement of its innovative consumer banking experience including new spending and credit products and expanding its technical team in the U.S.

Pascal Bouvier, the General Partner at Route 66 Ventures, the lead investor in the round said, “The thing that interests us about Moven most of all is that the best banks in the world are taking their lead from Moven’s experience, and many of those have already signed up with Moven to launch in their local markets. Their team has a unique approach to day-to-day banking that is keeping it well ahead of the competition. Moven has the potential to redefine this space more than any other player.” – See more at: http://dc.citybizlist.com/article/307145/route-66-ventures-leads-12m-series-b-for-moven#sthash.XT9lbYZK.dpuf

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Read the release here.