Multiple wallets: Flexible fund management for growing businesses

At Moov, we’re committed to helping businesses move money faster, smarter, and with greater flexibility. As our customers scale, we’ve seen firsthand how their fund flow requirements evolve—and how quickly manual workarounds can become bottlenecks. We’re excited to announce the launch of multiple wallets, a new way for platforms and businesses to organize, track, and manage funds with precision.

Why multiple wallets?

Traditionally, businesses have relied on a single wallet for all money movement. While simple at first, this model becomes limiting as fund flows grow more complex. Merchants, lenders, and contractors often need to:

• Separate funds for different business functions
• Track balances across specific projects or clients
• Manage payouts to vendors, employees, or borrowers
• Align money movement with existing accounting processes
• Banks reconcile programs with their own general ledger

Without built-in flexibility, businesses are forced to build their own reconciliation systems or rely on manual processes—both of which slow down operations and increase the risk of errors.

Multiple wallets in Moov solve this problem by giving businesses the ability to create, manage, and close dedicated wallets directly within Moov.

How it works

Platforms can now support creating multiple wallets per Moov account. Each wallet operates independently, with its own:

• Real-time available balance
• Transaction history and metadata
• Instant transfer capabilities
• Sweep configurations

This means you can treat wallets like digital sub-accounts—flexible, fully supported, and built to match your business logic.

Use cases

Here are a few ways our customers are already using multiple wallets:

• Business functions: Dedicated wallets for customer payments and vendor payouts.
• Lending & credit platforms: Loan repayments are separated by loan groups to make daily settlements to each limited partner.
• Construction & contracting: Segmenting funds by project, making it easy to track payments and expenses.

Get started

Multiple wallets are now available to all Moov customers. To start creating wallets, log in to your account or review our API documentation.