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Movenbank
Movenbank is a mobile financial service provider operating in the United States. Movenbank was founded in 2011. by Brett King, author of Bank 2.0 and Bank 3.0.〔(Movenbank deposits .4 million of seed capital )〕 Movenbank's mobile payments system relies on NFC technology, available via contact stickers placed on users' mobile devices. Movenbank's current product offerings allow users to track their financial wellness using Movenbank's proprietary tools: CRED Score, MoneyPulse and MoneyPath, and a financial personality test.〔("A Vision for 'Frictionless' Banking" ). ''American Banker'', 1 May 2012.〕 Movenbank launched its mobile banking and mobile payment services in 2013. Because of its unusual approach to banking, Movenbank has been featured in American Banker, BetaKit, BRW, and PSFK ==Organization & funding== In August 2012, Movenbank announced that it had closed a $2.4million seed investment round,〔(Mobile banking company Movenbank seals $2.41m seed funding | AltAssets Private Equity News )〕 funded by Movenbank's founders, Anthemis Group, Raptor Ventures, Kevin Plank (CEO of Under Armour), and a syndicate of Singaporean investors. In 2013, a Russian company Life.SREDA invested $2 million in the Movenbank.〔('Russia’s Life.SREDA invests in US startup to build “world’s first cardless bank”' ). ''East-West Digital News''.〕 In September 2012, Movenbank announced that Alex Sion, Ex-Vice President at Citigroup, would be joining the organization as President.
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