Moov Raises $45M Series B for Cloud-Native Payment APIs

Moov announced a $45M Series B funding round to expand its API-first payment platform. The company provides cloud-native infrastructure covering the full payments lifecycle including acquiring, ledgering, card issuing, and disbursements. The funding will be used to advance its developer-centric stack, enabling fintechs and enterprises to embed payment capabilities without building from scratch.

Moov's approach aligns with the broader BaaS trend of modular, API-driven financial infrastructure replacing legacy banking integrations. The round came during a cautious funding environment in early 2023, signaling continued investor confidence in payments infrastructure. No specific lead investor was disclosed in available sources, but the deal underscores the resilience of B2B payment API platforms amid broader fintech funding declines.