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A former (and sometimes current) critic of banks, Brett King is hanging out his own financial services shingle
May 1
The much-talked-about mobile financial services start-up Movenbank has finished its initial round of fundraising.
The $2.4 million seed investment round was funded by the company's founders, along with Anthemis Group in London; Raptor Ventures in Boston; Kevin Plank, the founder and chief executive of Under Armour; and a syndicate of Singaporean investors.
"Our investors believe, as we do, that mobile banking and payments have the opportunity to fundamentally change the everyday retail banking model," Brett King, Movenbank's chief executive and one of Bank Technology News'
Movenbank will use the money to make hires and to develop CRED, a "
Movenbank has also unveiled a promotional video parodying the traditional bank as a