Movenbank Closes US$2.41M Seed Funding

Movenbank, a NYC-based mobile-direct financial start-up, has closed a US$2.41m seed funding.

Backers include Anthemis Group, Raptor Ventures, Kevin Plank, Founder and CEO of Under Armour®, and a syndicated group of Singaporean investors.

The company intends to use the capital to strengthen its team (, and further advance its proprietary financial credibility score CRED.

Led by Brett King, CEO and Founder, Movenbank works with banking and payments partners, mobile operators, consumer credit groups, social media partners, merchants to provide a banking service that gives users real time feedback about their everyday spending on mobile phone. Its CRED analyzes financial data, social influence, and shopping patterns to provide customers with the ability to understand their day-to-day financial behavior.

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