About MOOV
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.
Key Infrastructure
Card Issuing
Virtual card issuance with programmable spend controls, single-use cards, and card-on-file for subscriptions
Instant Payouts
Send funds instantly to debit cards and bank accounts via RTP, FedNow, ACH
Payment Acceptance
Accept card payments online and in-person via Tap to Pay on iPhone/Android, ACH debits
Payment Links
QR codes and shareable payment links for collecting payments
Moov Wallets
Store funds with ledger infrastructure, automated workflows, instant transfers, reconciliation
Moov Drops
Themable drop-in UI components for faster time-to-market
Additional Features
ACH Transfers
Send and receive ACH payments with configurable timing
Card Tokenization
Tokenize cards for digital wallet use
RTP (Real-Time Payments)
Instant bank-to-bank transfers via The Clearing House network
3D Secure
Additional authentication for card transactions
FedNow
Federal Reserve instant payment service integration
Account Verification
Instant bank account verification via RTP micro-deposits