Movenbank scores USD2.41 million for mobile banking

Investing in its team and developing CRED

Mobile financial services company Movenbank has raised USD2.41 million in seed funding from Anthemis GroupRaptor Ventures and angel investors. The firm, based in New York, powers mobile banking and payment services through its partnerships with banks, mobile manufacturers, consumer credit groups and social media companies. In addition, Movenbank is launching “CRED”, a credibility scoring system that combines traditional credit data with social media data to help users monitor their financial health. The company plans to use the new funding to invest in its team and further develop CRED.

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