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MOVO company logo


Founded Year



Debt - III | Alive

Total Raised


Last Raised

$1.49M | 2 yrs ago

About MOVO

MOVO creates P2A4, a system that links payment technologies promoting economic inclusion on a global scale.

Headquarters Location

530 Lytton Ave 2nd Floor

Palo Alto, California, 94301,

United States


MOVO's Product Videos

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MOVO's Products & Differentiators

    Digital Cash Cards®

    Create digital CASH Cards for the most secure, quick, and convenient payment process and card on file.

Research containing MOVO

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned MOVO in 1 CB Insights research brief, most recently on Oct 13, 2021.

Expert Collections containing MOVO

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

MOVO is included in 2 Expert Collections, including Fintech.



7,940 items

US-based companies



213 items

Challenger bank offer digitally native banking products (checking and savings account at the most basic) and either leverage partner banks or are fully-licensed banks themselves.

MOVO Patents

MOVO has filed 1 patent.

patents chart

Application Date

Grant Date


Related Topics




Machine translation, Translation, Translation studies, Google services, Translation websites


Application Date


Grant Date



Related Topics

Machine translation, Translation, Translation studies, Google services, Translation websites



Latest MOVO News

Movo surpasses GWP goals for 2022

Feb 14, 2023

| Insurance Business UK The Movo Partnership has announced another consecutive year of growth and announced its target of £90 million in gross written premiums (GWP) in 2023. Since launching as an independent, appointed representative (AR) broker network in March 2019, the Movo Partnership has exceeded its business targets every year. In 2021, it boasted a network of 52 AR broker members, 30 staff, and GWP of just over £40 million. By year-end 2022, Movo had expanded to 66 members and £68 million GWP, growing by a stellar 70% since it announced its breakaway from GRP-owned broker network Hedron last November 2021 – effective March 2022. The partnership had only expected to hit £65 million GWP last year. The Movo Partnership expects to continue this pattern of growth and reach 90 broker members and £90 million GWP by year-end 2023, representing a further 30% growth for the network. “I’m so thrilled with these results,” said Movo Partnership managing director Lea Cheesbrough. “We’ve stuck to our values, and I think it’s fair to say that despite our ambitious targets, we continue to exceed expectations…. We won’t stop here. 2023 will see us transform Movo as increasing numbers of brokers – and the insurers who show us such incredible support – understand the benefits and opportunities of the independent AR network model and of supporting the growth of start-up brokers.” Movo made a “significant investment” in its IT platform in the latter half of 2022, including via its acquisition of the in-house software provider Durell to complement the network’s capabilities with Acturis and support Movo broker members with even better distribution tools. In a Press release, Movo noted that members of the Movo Partnership retain 100% of their commissions. All profits are reinvested for the benefit of the membership and the future of broking, in line with Movo’s vision of the most cost-effective way to run a brokerage and encourage start-up brokers to replace insurance brokerages lost to mergers and acquisitions. Related stories: Director expects another 30% growth by year-end 2023

MOVO Frequently Asked Questions (FAQ)

  • When was MOVO founded?

    MOVO was founded in 2014.

  • Where is MOVO's headquarters?

    MOVO's headquarters is located at 530 Lytton Ave, Palo Alto.

  • What is MOVO's latest funding round?

    MOVO's latest funding round is Debt - III.

  • How much did MOVO raise?

    MOVO raised a total of $11.27M.

  • Who are the investors of MOVO?

    Investors of MOVO include Paycheck Protection Program, NuFund Venture Group, Eric Solis, Daniel Kjellen and Cox Orange Investment.

  • Who are MOVO's competitors?

    Competitors of MOVO include Found and 4 more.

  • What products does MOVO offer?

    MOVO's products include Digital Cash Cards® and 4 more.

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