Fintech Moov just raised $45 million in a ‘very difficult’ environment. Here’s how

(Credit: Courtesy of Moov Financial)

Visa, the payments giant, has made its first investment in Moov Financial, which provides a platform that lets companies embed payments into their software.

Moov just raised $45 million in a Series B round led by Commerce Ventures that also saw participation from Andreessen Horowitz, Bain Capital Ventures and Sorenson Ventures. Dan Rosen, founder and partner of Commerce Ventures, will join Angela Strange, a general partner at Andreessen, and Matt Harris, a BCV partner, on Moov’s board.