New York fintech startup nets funding for international expansion

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moven

Moven.com

Moven wants to move consumer banking to the smartphone.

Mobile banking startup Moven has raised $12 million from a group of venture investors, according to a person familiar with the matter.

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The round was led by Route 66 Ventures, according to the person.

It brings the New York-based fintech company's total fundraising to about $25 million and will help fuel Moven's international expansion in places including Canada and New Zealand.

The company's year-over-year growth rate from October 2014 to this year was 400%.

Moven is also moving some new management into its ranks.

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Greg Midtbo, formerly of Oracle, and Vincent Bahk, who was at Digitas, are joining Moven as managing director for enterprise and chief custom officer, respectively.

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