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Moov Company Overview
Moov Financial (“Moov”) is a U.S.-based fintech platform, founded around 2017–2018 by Wade Arnold and Bob Smith, and headquartered in Cedar Falls, Iowa. Designed for developers and businesses embedding financial services, Moov offers a modular, open-source platform that enables payment acceptance, digital wallets, ACH transfers, bank account verification, virtual card issuing, payout orchestration, and custodial ledger capabilities. The platform stands out as a licensed processor connected directly to payment networks and leverages components like real-time webhooks, SDKs, and drop-in UI tools called Moov Drops to streamline integration and user experience. Moov enables seamless money movement with data transparency, regulatory compliance (KYC/KYB, AML), and a developer-first architecture that powers everything from micro-services to complex digital banking workflows. The company has secured multiple funding rounds—including a $27 million Series A led by Andreessen Horowitz and $45 million Series B led by Commerce Ventures—with backing from Visa and others. Recently, Moov also entered into partnerships such as processing services for Truth Social and expanded its fintech ecosystem presence.