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Moov is a US-based payment infrastructure company founded in 2018 and headquartered in Cedar Falls, Iowa. The company provides a unified payments platform that enables businesses to accept card and bank payments, store funds in wallets, send instant payouts to bank accounts and cards, and issue virtual spending cards. Moov operates as a licensed payment processor, issuer, program manager, and registered PayFac with direct connections to all major card networks (Visa, Mastercard, American Express, Discover), the US Federal Reserve, and The Clearing House. The platform is designed for software companies wanting to embed payments, serving industries including digital banking, construction, fundraising platforms, loan servicing, small business, and transportation. Moov has raised $108.63M in total funding across 8 rounds, including a $45M Series B led by Commerce Ventures in January 2023 with participation from Andreessen Horowitz, Bain Capital Ventures, Visa, and Sorenson Ventures. The company employs approximately 55 people and processes billions of dollars monthly for thousands of businesses.
Moov provides unified payment infrastructure for software companies, enabling accept (card/bank payments), store (wallets), send (instant payouts), and spend (virtual card issuing) through a single API. They operate as a licensed US payment processor, issuer, and program manager with direct connections to major card networks and the US Federal Reserve.
Moov serves B2B software companies in vertical SaaS markets including digital banking, construction, fundraising platforms, loan servicing, small business tools, and transportation/logistics. Notable clients include Jack Henry, Valon, LoanPro, Trimble, and Canopy.
Yes, Moov is a US-licensed acquiring processor, issuer, program manager, and registered PayFac with direct connections to Visa, Mastercard, American Express, Discover, The Clearing House, and the Federal Reserve.
Moov does NOT currently support cryptocurrencies or blockchains. It is a fiat payment infrastructure focused on ACH, RTP, FedNow, and card payments in the United States.
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