Embedded finance platform Moov has raised $27mn in its Series A round.
In Brief:
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The round was led by Andreessen Horowitz.
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It also included existing investors like Gokul Rajaram of DoorDash.
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This follows $5.5mn seed funding raised in August.
What does this mean?
Moov’s Banking as a Service offering enables companies to add payment solutions to their apps without having to build them from scratch. This is part of the emerging trend of embedded finance – offering ready-made solutions to businesses so their teams can get on with what they do best.
