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How Moov CEO Wade Arnold grew Moov to $15.1M revenue and 2.4K customers in 2024.

Moov Financial is a fintech company that provides open source software for financial institutions and developers to build modern and customizable banking experiences. The company was founded in 2018 and is headquartered in Cedar Falls, Iowa. Moov Financial's open source software enables businesses to automate their financial operations and create seamless customer experiences. Its products include Moov Accounts, which offers APIs for opening and managing bank accounts, and Moov Fedwire, which provides a secure way for financial institutions to send and receive high-value payments. Moov Financial's solutions are designed to be flexible and scalable, allowing businesses to adapt to changing customer needs and industry trends. Its open source approach also allows developers to collaborate and build upon existing code to create customized solutions. The company serves a variety of industries, including fintech startups, banks, and credit unions, and has a growing customer base across the United States.

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Moov Revenue

In 2024, Moov's revenue reached $15.1M. The company previously reported $11M in 2024. Since its launch in 2018, Moov has shown consistent revenue growth.

Moov Revenue GrowthReported revenue / ARR by year$0$4M$8M$12M$16M2018201920202021202220232024$0$3M$4M$7M$15MSource: GetLatka.com
YearMilestoneQuote
2024Moov Hit $15.1m revenue in November 2024
2024Moov Hit $11m revenue in October 2024
2023Moov Hit $7.4m revenue in November 2023
2022Moov Hit $4.2m revenue in November 2022
2021Moov Hit $2.6m revenue in November 2021
2021Moov Hit $2.6m revenue in September 2021
2018Launched with $0 revenue

Moov Valuation, Funding Rounds

Moov has not publicly disclosed its valuation. The company has raised $15M in total funding to date.

Moov has raised $15M in total funding across 2 rounds, most recently a $12M Series B round in 2016.

Moov Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$4M$8M$12M$16M201420152016201720182014 cumulative: $3M • 2014 Series A: $3M2016 cumulative: $15M • 2014 Series A: $3M • 2016 Series B: $12M2018 cumulative: $15M • 2014 Series A: $3M • 2016 Series B: $12M • 2018 Founded: $0$15M2018 Founded: $0 valuationSource: GetLatka.com
YearRoundAmountValuation% SoldQuote
2016Series B$12M--
2014Series A$3M--

Moov Employees & Team Size

Moov employs approximately 139 people as of 2026, up from 83 in 2023. It serves 2.4K customers that rely on its solutions.

Moov Team GrowthReported headcount over time0306090120150201820192020202120222023202400139139Source: GetLatka.com
YearMilestone
2024Reached 139 employees (December 2024)
2024Reached 83 employees (October 2024)
2023Reached 83 employees (November 2023)
2023Reached 83 employees (July 2023)
2022Reached 47 employees (November 2022)
2021Reached 29 employees (November 2021)
2020Reached 11 employees (November 2020)
2020Reached 11 employees (August 2020)

Founder / CEO

Wade Arnold

Self-aware technical leader with two decades of experience in open source contributions and US banking technologies.

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Frequently Asked Questions about Moov

What is Moov's revenue?

Moov generates $15.1M in revenue.

Who founded Moov?

Moov was founded by Robert Smith.

Who is the CEO of Moov?

The CEO of Moov is Wade Arnold.

How much funding does Moov have?

Moov raised $15M.

How many employees does Moov have?

Moov has 139 employees.

Where is Moov headquarters?

Moov is headquartered in Cedar Falls, Iowa, United States.

Source Attribution

Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.

Company data last updated .

Data Disclaimer

All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.

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Moov Revenue 2024: $15.1M ARR, $15M Raised