Moven has signed a deal to partner with Payoff and CommonBond, two companies helping borrowers refinance debt, the mobile banking service announced today.
Moven is, well, movin’ these days. It’s one new initiative after another, and those in favor of financial innovation should give the Brett King-led startup a tip of the hat.
- In November, Moven announced an affiliate program
- In December the bank teased an integration with Amazon Alexa
- Also in Dec., in time for the holidays, Moven launched e-gifting
- Shortly after New Year’s, Moven launched offers in conjunction with several merchants
It may be time to start referring to Moven as a financial wellness startup. The company has offered feedback on spending and a money health meter since launching, but these new partnerships are expanding the services it can offer. Moven and other services such as BankMobile from Customers Bank are also lighting the way for financial institutions to follow — partner or perish.
Moven is also rewarding users for signing up with these services. Moven customers who sign up with Payoff to repay a loan, receive a $100 credit, according to a Moven press release. And those who become CommonBond customers receive a $200 credit and 25 basis points off student loans repayments when they pay via Moven.
The partnerships went live today.
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