Josh leads product for Moov. He’s a designer, JavaScript engineer, and product strategist. Josh was previously the head of product and design for Banno at Jack Henry & Associates. When away from work, Josh is fathering two boys, Watson and Wells.
Now that 2024 is a wrap, it’s incredible to look back at all we’ve accomplished. Last year was about pushing boundaries, listening to our users, and delivering tools and features that make financial services more accessible and intuitive. From new payment capabilities to stunning new user interfaces, we’ve shipped features that empower businesses to move billions of dollars.
Payments are mission-critical for SaaS companies, and their customers expect multiple payment options. But offering more than one payment rail means orchestrating multiple systems from numerous vendors. This requires significant engineering resources—which many businesses can’t spare.
Late payments are a real problem—for borrowers, lenders, service providers, and the entire economy. The World Bank estimates that they cost the global economy more than $40 billion a year. There are a lot of reasons for late or missed payments—from cash flow issues, inaccurate or confusing invoicing, or just forgetting a due date.
I learned a valuable lesson as a young product manager years ago that transitioning your product from a cost center to a profit center for your customers changes the dynamic of your relationship with them. It seems obvious, but it’s often lost on software and service providers that their product offering impacts the business model for its customers. That’s why at Moov, we’re focused on ways to help our customers grow their business with new revenue streams and simplifying the workflows of money movement.
Moov’s mission is to make it easy for applications to accept, store, and disburse money. Transfers in Moov are instructions to move money between source A and destination B. But what do you do when you need to accept payment from one source and disburse it to multiple destinations? How do you collect a fee from one or more of those participants? How do you make sense of all of the individual money movements from a reporting and reconciliation standpoint? And how can you chain these actions together?
It’s been said by many that “docs are the product” and that “docs are the most important part of the product.” We couldn’t agree more. What good is our product if developers don’t know how to use it? And do developers tend to read the docs, or do they search and skim? We know, because we’ve been in that position ourselves.
Not many people can say that the Scholastic book catalog set their entire career in motion.
While other fourth-graders chose books like Animorphs and Goosebumps, I decided to purchase an HTML book for kids.
Today, the news of our $5.5 million seed round became public! All of us at Moov have been looking forward to this day for a while, and we’ve internally referred to it as Moov-ing day. We’re excited because we have the momentum and support of 7 institutional investors, led by Bain Capital, as well as 27 individual investors who believe in Moov’s mission, who are generous with their time and their knowledge.
First of all, hi, we’re Moov. We’re a new company with a mission to bring joy to developers tasked with building on top of the United States banking and payments infrastructure. We have world-class investors that believe in our mission, and we’re building a team of people who are passionate about creating a better future.
