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FinTech – Payments – Digital Cash

Company Type



$50 Million

Investment Type



MovoCash® allows users to spend anytime, anywhere on everyday purchases while protecting their privacy and credit card information


MovoCash, a financial services company that specializes in P2P payments, mobile banking, fintech, and finserv, is seeking $50 million to restart and continue to hyperscale its market proven and successful virtual card payments platform.

MovoCash has developed a mission critical suite of SaaS and cloud-based business processes and consumer applications that support a full range of digital payments solutions

Allows users to spend anytime, anywhere on everyday merchant purchases with person-to-person payments while, protecting privacy and credit card information

Unique Platform

Cards as a Service (CaaS)

Compatible with Digital Wallets, Card on File, In-App, & Embedded Payments


These payment solutions improve customer experience, reduce servicing costs and fraud, and integrate a consumer’s full array of financial accounts into a single, secure platform

The platform safely and securely organizes one’s portfolio of bank accounts and cards

Users authorize and send specific payment amounts in real-time for virtually any transaction, anywhere in the world and all without giving away personal financial information

MovoCash has had over 1 million client open requests, and previous customers continue to rate MovoCash >50% in terms of Net Promoter Scores


MovoCash – The World is looking for a better payment solution


MovoCash is targeting global mobile payment fees

Enabling technology is targeted for the close to 14 million underbanked American consumers, the merchants where they shop and financial institutions


The patented hyperbin technology reduces fees and lets the consumer track and manage payments and fees effortlessly


Helps solve the $32 billion annual credit card fraud problem by enabling consumers to authorize additional cards and payments only for desired amounts via unique virtual card numbers


Unlocks P2P payments using social media channels while protecting the user’s card data

Zion Market Research estimated that the global mobile payments market would reach $4.5 trillion by 2023, growing at a CAGR of around 33.8% from 2017 to 2023. According to a report by Grand View Research, the global mobile payments market size is projected to reach $12.06 trillion by 2027, growing at a compound annual growth rate (CAGR) of 28.8% from 2020 to 2027.


Traditional Payment Solutions

Leave Payment Information Exposed and Consumers Out of Control



Top Competitors are Venmo, CashApp, and Revolut. MovoCash expects to win on delivery speed, user experience, and the instant provision of digital cash cards


Competitors have overlooked the consumer’s need for a source agnostic payment solution that protects both their financial information as well as their personal information


MovoCash addresses payment solution needs while unlocking P2P payments so that consumers choose their preferred payment types

Solution/ Strategy

Connecting Brand Networks, Money Transmitters, Digital Wallets, Crypto-Currencies and Fintech Solutions into a first-of-its-kind CaaS Solution


Capitalize the company to provide for marketing, operations, and core capital needs

Established a key strategic partnership with Carneros Bay – a payments ecosystem comprised of top leaders, capabilities, domain partners and acceleration channels


Fully leverage the 1.2 million interested client emails, 230,000 Instagram followers and 36,000 Facebook followers to help spark the market with the next MOVO Cash launch

Founding Team with over 100 Years Experience in Fintech, IT, Software, Payments & Compliance

Eric Solis| CEO & Co-Founder MOVO Cash

  • Full stack entrepreneur with more than 20 years of experience
  • Key pioneer and contributor to the advancement of digital banking and finance, including payments, micro-investing, securities, money transfer systems, transfer agents and first-generation distributed ledger and interoperability technologies

Charles Young| Chief Compliance Officer

  • Eight years of Regtech experience and a 32-year veteran of the high-tech industry
  • Work has been presented at the Gartner Symposium and has appeared in articles on innovation in Computerworld and Computer Reseller News
  • Background includes operations, consumer adoption, partner channel management, solution architecture, and software development.

Carneros Bay | Strategic Advisor Partner

  • Unique blend of advisor, incubator, accelerator, investor, and partner for incumbent financial institutions and emerging fintech companies
  • Carneros Bay helps financial institutions identify and integrate qualified solutions that map to their strategic goals, technology needs, and roadmap, while providing strategic and technical guidance to fintechs to scale their solutions within the highly regulated and demanding financial industry
Learn More About MovoCash®
Thank you for your interest in MovoCash®.Please fill out your information and we will contact you shortly with more information on this opportunity.


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Hi. We're not around right now. But you can send us an email and we'll get back to you, asap.

Thanks, Ken

Ken Margolis | Managing Partner Castle Placement, LLC
1460 Broadway Street, Rte 400
New York, New York 10036
(212) 418-1188 | C: (516) 712-7784