The colombian fintech and digital wallet MOVii received financing from Block Inc and Hard Yaka of USD15 million with the intention of expanding the digital wallet services of the Colombian entity and also develop new financial services based on cryptocurrencies.
MOVii as mentioned above is a Fintech with origin in the year 2018 in Colombia, which apart from having its own digital wallet, offers its financial and banking services in order to practice financial inclusion.
Even, according to the press release received by one of the company’s collaborators, one of the investors of this new project, Greg Kidd mentioned in an interview that “ MOVii also helps a large part of the Venezuelan diaspora a get what they need to start a new life. We celebrate this type of responsible financial inclusion model.”
With this new investment, US investors seek to expand and promote the services currently provided by MOVii, in the same way they want to generate new ones that are related to cryptocurrency Well, it is well known that for a few years the financial sector in the digital sector has taken a turn in which many of the entities belonging to this environment lean and bet on crypto assets. In addition to this, despite not knowing exactly what services they are referring to, they shared the information that they intend to create new ones apart from what they have to do with cryptocurrencies.
“We want to be pioneers in the democratization of financial services. We are delighted to have met such good partners who share our vision” expressed the CEO and co-founder of MOVii, Hernando Rubio; according to the note received.
In addition to this new project at the door, MOVii will also work on “a new business line B2B Fintech as a Service (Faas)” with which other Fintechs will be able to issue and acquire cards and also make payments through MOVii.